A Single Amount of $4,700 Is to Be Received in 3

question 45

Multiple Choice

A single amount of $4,700 is to be received in 3 years. If the single amount is discounted at 6% for 3 periods, the present value is

• A) $12,563
• B) $4,700
• C) $3,948
• D) $4,418

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Definitions:

Big Bluestem Grass

A tall North American prairie grass that is a dominant species in the Great Plains, known for its nutrient-rich forage.

Abiotic Components

Non-living chemical and physical parts of the environment that affect living organisms.

Biotic

Term that indicates life; a cell is an example of a biotic factor in the environment.

Energy Flow

The movement of energy through a food chain or ecosystem, typically from the sun through producers to consumers and finally to decomposers.