If the Interest Rate Is 7

question 140

Multiple Choice

If the interest rate is 7.5 percent,then what is the present value of $4,000 to be received in 6 years?

• A)$2,420.68
• B)$2,591.85
• C)$2,996.33
• D)$3,040.63

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Definitions:

Smoking

The act of inhaling and exhaling the smoke of burning tobacco, which can lead to various health issues including cancer, heart disease, and respiratory problems.

Selenium

A trace element found in grain products and in meat from grain-fed animals.

Prostate Cancer

A type of cancer found in the prostate—a small, walnut-sized gland in men responsible for creating seminal fluid.

Colon Cancer

A type of cancer that starts in the large intestine (colon), which is the final part of the digestive tract.