The Face Value Is $81,000, the Stated Rate Is 10

question 105

Multiple Choice

The face value is $81,000, the stated rate is 10%, and the term of the bond is eight years. The bond pays interest semiannually. At the time of issue, the market rate is 8%. What is the present value of the bond at the market rate? Present value of $1: Present value of annuity of $1:

• A) $90,445
• B) $47,191
• C) $43,141
• D) $83,754

---

Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Multitasking

The performance of multiple tasks simultaneously, often with the goal of increasing productivity.

Stress

A condition of mental or emotional strain resulting from adverse or demanding circumstances.

Noise Pollution

Unwanted or harmful outdoor sound created by human activities, such as traffic, construction, and industrial operations, that can disrupt the quality of life.