What Is the Present Value of a Payment of $150

question 104

Multiple Choice

What is the present value of a payment of $150 one year from today if the interest rate is 6 percent?

• A)$141.11
• B)$141.36
• C)$141.75
• D)None of the above are correct to the nearest cent.

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Definitions:

Xylem

Xylem is the type of plant tissue responsible for the transport of water and nutrients from the roots to the leaves and stems, playing a critical role in plant vascular systems.

Periderm

The outer bark of woody stems and roots; composed of cork cells, cork cambium, and cork parenchyma, along with traces of primary tissues.

Mature Vessel Elements

Components of the xylem in plants that form part of a continuous tube through which water can move.

Sieve Tubes

Specialized structures in the phloem of vascular plants that facilitate the transport of sugars and other nutrients.