Find the Present Value of $54,049 Due in 5 Year(s)

question 149

Multiple Choice

Find the present value of $54,049 due in 5 year(s) at an interest rate of 7% / year compounded continuously. Round your answer to the nearest integer. ​

• A) $38,536
• B) $38,089
• C) $38,088
• D) $38,316

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Definitions:

Potential Interactions

This refers to the possible ways in which different factors or agents in an economic, social, or ecological system can affect each other.

Actual Interactions

The real and observable exchanges or engagements between entities, often studied in various fields including sociology, economics, and behavioral science.

Potential Interactions

Possible engagements or relationships between entities or variables in a given context, which could affect outcomes.

Actual Interactions

Real-life exchanges or communications between individuals, groups, or entities.