Find the Present Value of $100 to Be Received at the End

question 250

Multiple Choice

Find the present value of $100 to be received at the end of two years if the discount rate is 12% compounded monthly.

• A)$66.50
• B)$78.76
• C)$68.80
• D)$91.80
• E)$79.75

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Definitions:

Iron

A metallic element essential for human life; involved in oxygen transport within the bloodstream.

Obesity

Excess accumulation of body fat; a person is considered obese if the body mass index (BMI) is 30 or higher.

Fat Cells

Cells known as adipocytes, which are specialized in storing energy in the form of fat and play a key role in metabolism, body temperature regulation, and cushioning of organs.

Leptin

A hormone produced by adipose tissue that signals brain centers about the status of energy stores.