Find the Present Value

question 257

Multiple Choice

Find the present value. Round to the nearest cent.
-To get $5600 after 8 years at 5% compounded annually

• A) $3,639.62
• B) $2,260.9
• C) $5,962.67
• D) $3790.30

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Definitions:

Ingratiation Tactic

A social strategy employed to make oneself more likable to others.

Complimenting

Expressing praise, admiration, or approval towards someone, often enhancing positive interpersonal relations and self-esteem.

Foot-In-The-Door Tactic

A persuasion strategy involving getting a person to agree to a small request to increase the likelihood of agreeing to a larger request later.

Compliance

The act of conforming to a request, demand, or regulation, often motivated by a desire to gain approval or to avoid conflict.