Present and Future Value Tables of $1 at 3% Are

question 32

Multiple Choice

Present and future value tables of $1 at 3% are presented below:

-Bill wants to give Maria a $500,000 gift in seven years. If money is worth 6% compounded semiannually, what is Maria's gift worth today?

• A) $66,110.
• B) $81,309.
• C) $406,545.
• D) $330,560.

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Definitions:

Nonmonetary Reward Plans

Incentive systems that provide rewards or recognition in forms other than direct payment, such as professional development, privileges, or awards.

Elected Committee

A group of individuals chosen through a voting process to represent or make decisions on behalf of a larger group.

Deserving Employees

Workers who are considered to merit recognition or reward based on their performance, contributions, or achievements.

Monetary Compensation

The payment an employee receives in the form of wages, salaries, bonuses, and commissions.