What Is the Present Value of the Following Payment Stream,discounted

question 3

Multiple Choice

What is the present value of the following payment stream,discounted at 8% annually: $1,000 at the end of year 1,$2,000 at the end of year 2,and $3,000 at the end of year 3?

• A) $5,022.10
• B) $5,144.03
• C) $5,423.87
• D) $5,520.00

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Definitions:

Socioeconomic Status

A measure of an individual's or family's economic and social position relative to others, based on income, education, and occupation.

PTSD

Posttraumatic Stress Disorder, a mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

9/11

The date, September 11, 2001, when terrorist attacks occurred in the United States, targeting the World Trade Center in New York City and the Pentagon.

Occupational Segregation

The division of labor by gender, ethnicity, or other characteristics, leading to different groups being channelled into different types of jobs.