If the Single Amount of $4,000 to Be Received in 2

question 124

Multiple Choice

If the single amount of $4,000 to be received in 2 years is discounted at 11%, its present value is

• A) $3,636.
• B) $3,246.
• C) $3,604.
• D) $5,508.

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Definitions:

Excision

A surgical procedure involving the removal of tissue, an organ, or other body part.

Combining Form

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Suffix

A set of letters added to the end of a word to alter its meaning or specify its grammatical function.

Prefix

A set of letters that are added at the beginning of a word to change its meaning.