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

---

Definitions:

Text Description

A written representation aimed at conveying information or explaining a concept in detail.

Illustrations

Visual representations used to explain, decorate, or clarify text, concepts, or ideas, often in the form of drawings or images.

Visual Aids

Tools such as charts, videos, images, or models used to enhance understanding or retention of information during presentations or learning sessions.

Honest

The quality of being truthful, transparent, and free from deceit in one's actions and communications.