What Is the Present Value of a Car Available for €10,000

question 2

Multiple Choice

What is the Present Value of a car available for €10,000 deposit plus two further payments of €8,000 and a discount rate of 8% (to the nearest €) ?

• A) €22,368
• B) €23,867
• C) €24,266
• D) €25,907

---

Definitions:

Conducting Primary Research

The process of collecting original data directly from sources through methods like surveys, interviews, or experiments, as opposed to analyzing existing data.

Developing Problem Statement

the process of outlining a clear, concise description of the issues that need to be addressed by a project or study.

Credibility

The quality of being trusted, believed, or convincing; crucial for effective communication and persuasion.

Main Idea

The main idea refers to the primary or central concept, point, or message that an author or speaker is trying to communicate to the audience.