If the Single Amount of $3000 Is to Be Received

question 8

Multiple Choice

If the single amount of $3000 is to be received in 3 years and discounted at 6% its present value is

• A) $2519.
• B) $2830.
• C) $2600.
• D) $2820.

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Definitions:

Generation

A group of individuals, born and living around the same time, who share similar cultural experiences or characteristics.

Innovation Process

The sequence of activities that an individual, team, or organization undertakes to conceive, develop, and implement new ideas or products.

Innovation Process

An approach that involves transforming novel ideas into useful products, services, or processes to create value or improve solutions.

Nonprogrammed Decisions

Decisions made in response to unusual, unpredictable, and unique situations requiring novel approaches.