Find the Present Value

question 428

Multiple Choice

Find the present value. Round to the nearest cent.
-To get $10,000 after 3 years at 6% compounded monthly

• A) $10,616.78
• B) $8,356.45
• C) $3,333.33
• D) $9,419.05

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Definitions:

XIC Instruction

In ladder logic and PLC programming, the "Examine if Closed" instruction that checks if a particular condition is true (i.e., if a contact is closed).

True

A logical or Boolean value indicating affirmative or confirmation, often represented digitally as '1' in binary.

Pressure Switch

A device that closes or opens an electrical contact when a certain set fluid pressure has been reached on its input.

Selector Switch

A switch used to select between two or more different operations or circuits.