The Present Value of $10,000 One Year in the Future

question 185

Multiple Choice

The present value of $10,000 one year in the future at a 6 percent interest rate is approximately

• A)$9,585.
• B)$9,434.
• C)$1,667.
• D)$10,060.

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Definitions:

Total Sum

The aggregate or combined total of all the values in a set of numbers.

F Distribution

A probability distribution that is used in ANOVA tests, describing the ratio of variances between and within samples.

Test Statistic

A value computed from sample data during a hypothesis test used to decide whether to reject the null hypothesis.

F-Distribution

A probability distribution used in analysis of variance, concerned with variability between and within data samples.