Find the Present Value for the Given Future Amount

question 231

Multiple Choice

Find the present value for the given future amount. Round to the nearest cent.
-A = $37,000, 10 years r = 8% compounded semiannually

• A)$17,138.16
• B)$20,113.68
• C)$81,071.56
• D)$16,886.32

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Definitions:

Sensor

A device that detects or measures a physical property (such as temperature, light, pressure) and records, indicates, or otherwise responds to it.

Photoelectric Sensors

Devices that detect objects, changes in light intensity, or proximity by emitting and receiving light.

Phototransistor

A semiconductor device that detects light and converts it into an electrical signal, used in various sensing and light detection applications.

Strain Gauge

A sensor whose resistance varies with applied force; it's used in mechanical engineering to measure strain on an object.