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:

Entrepreneurial Ability

The skill or talent that an entrepreneur possesses to organize resources effectively, take risks, innovate, and create economic value.

Urbanization

The process through which cities grow, and higher percentages of the population come to live in urban areas.

Economic Growth

Economic growth is an increase in the production of goods and services in an economy over a period of time, typically measured as the rate of increase in real GDP.

Capital Formation

The process of building up the physical and financial assets of an economy for the production of goods and services.