If the Single Amount of $2000 Is to Be Received

question 70

Multiple Choice

If the single amount of $2000 is to be received in 2 years and discounted at 11% its present value is

• A) $1818.
• B) $1623.
• C) $1802.
• D) $2754.

---

Definitions:

Date Line

The date line is a printed or written line on a document that specifies the date when the document is written or when an event occurred.

Business Letter

A formal document used for communication between companies or between a company and its clients, often following a standard format.

Letterhead

A printed heading on stationery, typically including the name, address, and logo of a person or organization, used for official correspondence.

Dimension

A measurable extent of some kind, such as length, width, depth, or height, often used in the context of physical spaces or objects.