The Present Value of $300,000 Received in 12 Years at 4

question 14

Multiple Choice

The present value of $300,000 received in 12 years at 4 percent interest is approximately:

• A)$312,451.
• B)$187,379.
• C)$427,126.
• D)None of these are true.

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Definitions:

Compensation

The total amount of the financial and non-financial pay provided to an employee by an employer in return for work performed as required.

Base Pay Rates

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