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:

Aerobic Exercise

Physical activity that improves cardiovascular health by increasing the heart rate and oxygen to the muscles over sustained periods.

Daily Chores

Routine tasks that need to be completed on a daily basis, such as cleaning, cooking, or gardening.

Range of Motion

The full movement potential of a joint, usually its range of flexion and extension.

Fine Motor Coordination

The coordination of small muscle movements usually involving the synchronization of hands and fingers with the eyes.