Find the Present Value of $450 in the Six Years

question 2

Multiple Choice

Find the present value of $450 in the six years' time if the discount rate is 9.5% compounded semi- annually. Round your answer to two decimal places.

• A)$261.05
• B)$151.44
• C)$187.45
• D)$257.85
• E)$193.24

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Definitions:

Down Syndrome

A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by physical growth delays, characteristic facial features, and mild to moderate intellectual disability.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that are similar in shape, size, and genetic content, one inherited from each parent.

Atoms

The simplest units of all matter.

Element

A pure chemical substance consisting of one type of atom, distinguished by its atomic number.