Garretson Corporation Will Receive $10,000 Today (January 1, 2010), and Also

question 84

Multiple Choice

Garretson Corporation will receive $10,000 today (January 1, 2010) , and also on each January 1st for the next five years (2013 - 2017) .What is the present value of the six $10,000 receipts, assuming a 12% interest rate?

• A)$41,114.
• B)$46,048.
• C)$81,152.
• D)$90,890.

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Definitions:

Gape Width

The maximum opening distance of the mouth of an animal, often relevant in the context of feeding habits and prey capture.

Native Australian Snakes

Reptiles indigenous to Australia, many of which are known for their venomous nature, such as the Taipan and Eastern Brown Snake.

Toxic Cane Toads

An invasive species known for its poison glands that release a toxin harmful to many native predators and competitors, originally from Central and South America but now found in various parts of the world.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring, a key mechanism of evolution.