Find the Present Value for the Given Future Amount

question 115

Multiple Choice

Find the present value for the given future amount. Round to the nearest cent.
-A = $4900, 8 years r = 8% compounded quarterly

• A)$2647.32
• B)$2299.90
• C)$2600.10
• D)$9234.25

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Definitions:

Personal Selling

A form of direct marketing involving face-to-face interaction between a salesperson and a potential buyer to close a sale.

Order Taking

The process of recording or receiving orders for goods or services from customers.

Order Getting

The process of securing purchase orders from customers, often involving direct personal selling and negotiation.

Inbound Telemarketing

A marketing approach where a company receives calls from interested customers or potential leads, often as a result of advertising or promotional activities.