At an Interest Rate of 4 Percent, What Would Be

question 109

Multiple Choice

At an interest rate of 4 percent, what would be the present value of receiving $4,000 four years from now?

• A) $3,420
• B) $3,637
• C) $3,704
• D) $3,847

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Definitions:

Cataracts

A condition characterized by clouding of the lens in the eye, leading to a decrease in vision that can develop slowly and affect one or both eyes.

Tympanostomy

A surgical procedure involving the insertion of a tube into the eardrum to drain fluid and prevent ear infections.

Otitis Media

An infection or inflammation of the middle ear, often resulting in pain, fever, and sometimes temporary hearing loss.

Otosclerosis

Condition characterized by progressive deafness caused by the fixation of the stapes of the middle ear.