Which of the Following Has the Lowest Present Value

question 40

Multiple Choice

Which of the following has the lowest present value?

• A) $1000 received in 3 years if the current interest rate is 4%
• B) $1500 received in 5 years if the current interest rate is 6%
• C) $2000 received in 6 years if the current interest rate is 11%
• D) $3000 received in 10 years if the current interest rate is 13%

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Definitions:

Bolivia

A country in South America characterized by its diverse geography including the Andes Mountains, the Amazon Basin rainforest, and large salt flats.

West Mexican Ceramics

Pre-Columbian pottery from the Western regions of Mexico, notable for its stylized figures and scenes from daily life.

Narrative Scenes

Artistic representations that tell a story through the depiction of events, characters, and settings, often found in literature, theater, and visual arts.

Temples

Sacred buildings dedicated to religious activities, worship, and prayers, often associated with significant architectural styles and cultural heritage.