If the Single Amount of $5,000 Is to Be Received

question 85

Multiple Choice

If the single amount of $5,000 is to be received in 3 years and discounted at 6%, its present value is

• A) $4,198.10.
• B) $4,717.30.
• C) $4,450.00.
• D) $4,395.45.

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Definitions:

Unionize

The process of organizing employees into a labor union which negotiates with employers for wages, working conditions, and other employment rights.

Trade Unions

Organizations that represent the collective interests of workers in negotiations with employers regarding wages, work conditions, and rights.

American Liberty League

A conservative political organization formed in 1934, opposing the New Deal of President Franklin D. Roosevelt and advocating for free enterprise and limited government.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s in response to the Great Depression.