If the Present Value of $1

question 25

Multiple Choice

If the present value of $1.00 received n years from today at an interest rate of r is 0.621, then what is the future value of $1.00 invested today at an interest rate of r% for n years?

• A) $1.00
• B) $1.61
• C) $1.621
• D) Not enough information to solve the problem

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Definitions:

Coordinate Efforts

To organize and align activities or tasks among individuals or groups for efficient and effective achievement of a common goal.

Virtual Teams

Groups of individuals who work across time, space, and organizational boundaries, collaborating mainly through electronic communications.

Organizational Boundaries

The defined edges that separate one organization from another and outline its scope, responsibilities, and operations.

Any Time

The concept of availability or accessibility without constraints or limitations on specific durations or periods.