Joshua Says That He Would Need 3% Interest in Order

question 24

Multiple Choice

Joshua says that he would need 3% interest in order to lend you money which you will pay back in two years. This implies that for Joshua the present value of $100 to be received two years from today is what amount?

• A)$97.09
• B)$100.06
• C)$94.26
• D)$79.15

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Definitions:

Asthma Attacks

Episodes where an individual with asthma experiences intensified symptoms such as wheezing, coughing, shortness of breath, and chest tightness.

Lungs

The primary organs of the respiratory system in humans and many animals, responsible for gas exchange between the air and the bloodstream.

Oxides of Nitrogen

Chemical compounds made of nitrogen and oxygen that are significant air pollutants, contributing to smog and acid rain.

Volatile Organic Compounds

Organic chemicals that easily vaporize at room temperature, can be sources of air pollution, and are often found in paints, cleaning supplies, and building materials.