Use the Present Value and Future Value Tables Included in Appendix

question 110

Multiple Choice

Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
- The present value of $1 discounted for 12 years at 9 percent compounded annually is 0.3555. The present value of an annuity of $1 discounted for 12 years at 9 percent compounded annually is 7.1607. Given this information, how much must be invested today so that $100 can be received each year for 12 years if money is worth 9 percent compounded annually?

• A) $13.97
• B) $35.55
• C) $281.29
• D) $716.07

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Definitions:

Electronic Meetings

Meetings conducted using technology such as video conferencing or webinars to connect participants from different locations in real-time.

Group Rapport

The harmonious relationship and understanding among members of a group, fostering a sense of trust, belonging, and cooperativeness.

Consensus

A general agreement or shared understanding among members of a group.

Virtual Team Formation

The process of assembling a group of individuals who work together from various geographical locations via electronic communications.