What Is the Present Value of an IOU for $1,000

question 120

Multiple Choice

What is the present value of an IOU for $1,000 due to be paid in two years,if the discount rate is 8%?

• A)$857.34
• B)$766.40
• C)$885.00
• D)$683.26
• E)$810.77

---

Definitions:

Cocaine Abusers

Individuals who engage in the excessive or compulsive use of cocaine, leading to significant impairment, distress, and potentially addictive behavior.

Opioid Antagonists

Medications that block the effects of opioids at their receptor sites, used to treat opioid overdose or addiction.

Partial Antagonists

Substances that partially block or dampen the effects of neurotransmitters or other chemicals in the brain, offering a moderate physiological response.

Curare

A poison used on arrows and darts for hunting and warfare, derived from various South American plants, which causes paralysis by blocking neuromuscular transmission.