Find the Present Value

question 272

Multiple Choice

Find the present value. Round to the nearest cent.
-To get $2000 after 10 years at 9% compounded semiannually

• A) $1,170.71
• B) $866.60
• C) $829.29
• D) $844.82

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Definitions:

Reactants

Substances initially present in a chemical reaction that are consumed to form products during the reaction.

Ethyl Magnesium Chloride

A Grignard reagent represented as CH3CH2MgCl, utilized in organic synthesis to form carbon-carbon bonds.

Pent-1-yne

An alkyne with the chemical formula C5H8, characterized by a triple bond between the first and second carbon atoms in the five-carbon chain.

Transformation

A thorough or dramatic change in form or appearance, often used in the context of chemical reactions.