If I Is the Interest Rate and X Is the Number

question 159

Multiple Choice

If i is the interest rate and X is the number of dollars to be received after t years, the formula to calculate the present value of a future payment is

• A) \(( 1 + i ) ^ { t } X\)
• B) \(X / ( 1 + i ) ^ { t }\)
• C) \(i ^ { t } / ( 1 + X )\)
• D) \(( X /i ) t\)

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Sea Horse

A marine fish with a head that resembles that of a horse, a prehensile tail, and a unique mode of reproduction with the males carrying the eggs.

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The cognitive process of identifying and acknowledging something as having been previously seen, heard, or known.

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The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

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