What Is the Present Value of a Payment of $250

question 139

Multiple Choice

What is the present value of a payment of $250 one year from today if the interest rate is 4 percent?

• A)$240.38
• B)$242.24
• C)$244.40
• D)None of the above are correct to the nearest cent.

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Definitions:

Thanatologists

Specialists who study death and dying, focusing on the emotional and psychological aspects of end-of-life care, grief, and bereavement.

Gerontologists

Specialists who study aging.

Morticians

Morticians are professionals who prepare bodies for burial or cremation and perform other services related to funerals and memorial services.

Child

A young human being, especially one from birth to puberty.