If the Interest Rate Is 8 Percent, the Present Value

question 149

Multiple Choice

If the interest rate is 8 percent, the present value of $10,000 to be received 10 years from today is about

• A) $21,589.
• B) $9,259.
• C) $4,632.
• D) $10,800.

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Definitions:

Cones

Photoreceptor cells in the retina of the eye that function best in bright light and enable color vision and fine detail perception.

Rods

Photoreceptor cells in the retina of the eye that are highly sensitive to low levels of light, making them important for night vision.

Fovea

A small depression in the retina of the eye where visual acuity is highest. This area is responsible for sharp central vision.

Fine Detail

The most intricate or nuanced aspects of something, usually requiring close attention or scrutiny to fully appreciate or understand.