What Is the Present Value of 10 Annual Payments of $500

question 96

Multiple Choice

What is the present value of 10 annual payments of $500 at a discount rate of 12%?

• A) $1,332
• B) $1,761
• C) $1,840
• D) $2,825
• E) $3,040

Understand the social, political, and economic trends of the late 20th century in the United States.

Analyze the ideological origins and impact of neoconservatism in America.

Recognize the roles and backgrounds of key political figures such as Ronald Reagan.

Evaluate the effects of U.S. foreign policies during the Carter and Reagan administrations.

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Definitions:

Administrative Law Judge

An official who presides over administrative hearings, making decisions on disputes between government agencies and those affected by agency decisions.

Federal Trade Commission

A U.S. federal agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Administrative Complaint

A formal grievance filed with a governmental agency, alleging wrongdoing or violation of rules by an entity or individual.

Equal Credit Opportunity Act

The Equal Credit Opportunity Act is a federal law in the United States that prohibits creditors from discriminating against applicants based on race, color, religion, national origin, sex, marital status, age, or because all or part of an applicant’s income derives from any public assistance program.