Find the Present Value

question 462

Multiple Choice

Find the present value. Round to the nearest cent.
-To get $25,000 after 6 years at 10% compounded semiannually

• A) $14,616.98
• B) $13,920.94
• C) $14,111.85
• D) $11,079.06

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Definitions:

Taft-Hartley Act

A U.S. federal legislation from 1947 that limits the power and actions of trade unions.

First Amendment

A fundamental part of the United States Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.

Union Contract

A written agreement between an employer and a labor union that outlines the terms of employment, wages, benefits, and working conditions for unionized employees.

Strike

A stoppage of work by employees as a means of enforcing a demand made on their employers.