Find the Present Value

question 428

Multiple Choice

Find the present value. Round to the nearest cent.
-To get $10,000 after 3 years at 6% compounded monthly

• A) $10,616.78
• B) $8,356.45
• C) $3,333.33
• D) $9,419.05

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Definitions:

Checks and Balances

A system in government where separate branches are empowered to prevent actions by other branches and are induced to share power.

Competition

A situation in which individuals or groups strive against each other to achieve a goal that cannot be shared.

Observational Studies

Research methods where the investigator observes subjects without directly intervening or altering their environment.

Accurate Descriptions

Detailed and precise representations of objects, events, or concepts, without any distortion or error.