Find the Present Value for the Given Future Amount

question 18

Multiple Choice

Find the present value for the given future amount. Round to the nearest cent.
-A = $4000, 12 years r = 4% compounded semiannually

• A)$2486.89
• B)$2498.39
• C)$1513.11
• D)$6433.75

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Definitions:

Production Volume

The total quantity of goods produced within a specific period by a manufacturing entity.

Engineering Approach

A detailed analysis of cost behavior based on an industrial engineer’s evaluation of the inputs that are required to carry out a particular activity and of the prices of those inputs.

Mixed Costs

Expenses that have both fixed and variable components, changing with the level of activity but having a base cost.

Statistical Analysis

The process of collecting, examining, interpreting, and presenting data to discover underlying patterns and trends.