Find the Present Value

question 257

Multiple Choice

Find the present value. Round to the nearest cent.
-To get $5600 after 8 years at 5% compounded annually

• A) $3,639.62
• B) $2,260.9
• C) $5,962.67
• D) $3790.30

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Definitions:

Full Dose

The complete amount of a medication or vaccine that is prescribed to achieve its intended effect.

Placebo

An inert or non-effective substance given to a control group in experiments to compare its effect with that of an actual drug.

Allergy Medication

Drugs or substances used to prevent or alleviate the symptoms associated with allergic reactions.

Additional Exercise

Exercise or physical activity that is added to an individual's existing routine to enhance health or fitness goals.