What's the Present Value of $4,500 Discounted Back 5 Years

question 6

Multiple Choice

What's the present value of $4,500 discounted back 5 years if the appropriate interest rate is 4.5%,compounded semiannually?

• A) $3,602.30
• B) $4,178.66
• C) $4,070.59
• D) $4,358.78
• E) $3,566.27

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Definitions:

Mathematics

A branch of science that deals with the logic of shape, quantity, and arrangement.

Microsociology

The branch of sociology focused on the study of individual and face-to-face interactions, analyzing how they influence social structures and phenomena.

Societal Patterns

The recurring features, behaviors, and structures observed within a society that shape individual and group actions.

Institutional Interactions

The ways in which different organizations, establishments, and structures within a society interact and influence one another.