What Is the Present Value Today of $6,000 to Be

question 46

Multiple Choice

What is the present value today of $6,000 to be received six years from today?

• A)$6,000 × 0.909 × 6
• B)$6,000 × 0.751 × 2
• C)$6,000 × 0.621 × 0.909
• D)$6,000 × 0.683 × 3

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Definitions:

Recessions

Short-lived economic contractions characterized by a downturn in trading and industrial output, consistently identified by a decline in GDP for two successive quarters

Civil War

A conflict between different factions or regions within the same country, often for political power, territorial control, or cultural differences.

Transcontinental Railroads

Railroads that span a continent, historically significant in promoting trade, travel, and settlement across vast distances.

Agricultural Region

An area that is primarily engaged in and suited for farming and agricultural activities due to its natural resources, climate, and soil conditions.