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:

Entrepreneurship

The act of creating, designing, launching, and running a new business or venture, often characterized by taking on financial risks.

Requirements for Entrepreneurship

Essential qualities and resources needed by individuals to initiate, launch, and sustain a successful new venture.

Leadership Performance

Refers to the effectiveness with which leaders are able to inspire, influence, and guide the actions of others towards achieving organizational goals.

Core Values

Fundamental beliefs or principles that guide an organization's actions and culture, influencing how it conducts business and interacts with stakeholders.