What Is the Present Value of $45,000 to Be Received

question 39

Multiple Choice

What is the present value of $45,000 to be received 50 years from today if the discount rate is 8 percent?

• A) $959.46
• B) $1,147.07
• C) $841.41
• D) $1,106.18
• E) $1,291.06

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Definitions:

Executed

Completed or carried out; in legal terms, it refers to a document or agreement that has been signed and made effective.

Testators

Individuals who have made a will or testament in preparation for their death.

Property

Assets owned by an individual or entity, including both tangible items like real estate and cars, and intangible items like intellectual property.

Indefinite

Lacking clear definition or limits; vague or uncertain in duration or scope.