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:

Board of Directors

A group of individuals elected by the shareholders of a corporation to oversee the management and make major decisions affecting the company's policy and strategy.

Common Stockholders

Individuals or entities that own shares of common stock in a corporation, granting them voting rights and a share in the company's profits.

Minimum Dividends

The smallest amount of dividends a company decides to pay out to its shareholders, often based on agreements or policy.

Par Common Stock

The nominal or face value of a common stock as stated in the corporate charter, unrelated to its market value.