Suppose You Will Receive $800 in Two Years

question 184

Multiple Choice

Suppose you will receive $800 in two years.If the interest rate is 5 percent,then the present value of this future payment is

• A)$725.62.It would be higher if the interest rate were higher.
• B)$727.28.It would be higher if the interest rate were higher.
• C)$725.62.It would be lower if the interest rate were higher.
• D)$727.28.It would be lower if the interest rate were higher.

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Definitions:

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Biological Sciences

The branch of natural science concerned with the study of life and living organisms, including their structure, function, growth, evolution, distribution, and taxonomy.

Genome

The complete structure sequence of DNA for a species.

DNA

Deoxyribonucleic acid, the hereditary material in humans and almost all other organisms, containing the genetic instructions for development, functioning, growth, and reproduction.