Find the Present Value

question 272

Multiple Choice

Find the present value. Round to the nearest cent.
-To get $2000 after 10 years at 9% compounded semiannually

• A) $1,170.71
• B) $866.60
• C) $829.29
• D) $844.82

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Definitions:

Five-factor Model

A model that describes human personality using five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Openness

One of the five major personality traits characterized by an appreciation for art, emotion, adventure, unusual ideas, curiosity, and variety of experience.

Nonconformist

An individual who does not follow accepted beliefs, customs, or practices, often through deliberate choice.

Five-factor Model

A theoretical model describing human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.