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:

Quantifier

A logical operator that determines the number of subjects within the discussion domain that fulfill a given open formula.

Atomic Open Sentence

A simple open sentence involving a variable, without any logical connectives, that can be made true or false by assigning values to the variable.

Symbolized Categorical Statement

A statement within formal logic that classifies members of categories and is often represented using symbols to express its logical structure.

Categorical

Relating to, or absolute in nature, often used to describe statements that are unconditional and clearly defined.