What Is the Present Value of $1,000 Received 2 Years

question 54

Multiple Choice

What is the present value of $1,000 received 2 years from today if the nominal interest rate is 9% and compounded monthly?

• A) $842
• B) $914
• C) $833
• D) $836

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Definitions:

Resigning

The act of voluntarily leaving a position or job.

Polite And Tactful

Demonstrating courteous and sensitive behavior in communication or action, especially in delicate situations.

Follow-Up Message

Communication sent to inquire or provide additional information after an initial interaction or message.

Interviewer

A person who asks questions to gather information during an interview process.