If the Interest Rate Is 5 Percent (0

question 57

Multiple Choice

If the interest rate is 5 percent (0.05) per year,what is the present value of $3,000 to be received two years from now?

• A)$2,850.00
• B)$3,000.00
• C)$2,707.50
• D)$2,721.09
• E)$2,857.14

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Definitions:

Contributing Financially

Providing monetary resources or support to a project, individual, or organization.

Management

The act of organizing, planning, leading, and controlling resources efficiently and effectively to accomplish goals and objectives.

Positive Impact

Effects or outcomes that contribute beneficially to an individual, group, or environment.

Dissatisfied

Feeling of unhappiness or discontentment with something, often leading to a desire for change.