Find the Present Value

question 52

Multiple Choice

Find the present value. Round to the nearest cent.
-To get $10,500 after7 years at 4% compounded annually

• A) $8,298.30
• B) $2,520.86
• C) $7,599.18
• D) $7,979.14

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Definitions:

Assembly Line Balancing

The process of assigning tasks to workstations, so that each has a similar amount of work and the production process is as efficient as possible.

Cycle Time

The total time from the beginning to the end of a process, indicating the speed at which a product moves through a production system.