Find the Present Value of a Payment Stream of $100

question 20

Multiple Choice

Find the present value of a payment stream of $100 per year for the first fifteen years and $200 per year for the next five years, given a 12% discount rate.

• A)$813
• B)$1,402
• C)$953
• D)$887
• E)$712

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Definitions:

Pyriform Cortex

A region of the brain involved in the processing of olfactory (smell) information.

Chemosignals

Chemical signals that convey information between organisms; they play key roles in many biological processes and behaviors.

Biochemicals

Molecules that constitute the chemical substances and processes occurring within living organisms.