Which of the Following Is the Correct Expression for Finding

question 220

Multiple Choice

Which of the following is the correct expression for finding the present value of a $500 payment two years from today if the interest rate is 4 percent?

• A)$500/(1.04)²
• B)$500 - 500(1.04)²
• C)$500 - $500/(.04)²
• D)None of the above is correct.

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Definitions:

Tissues

Groups of cells in an organism that have similar structure and function.

Mantle

In geology, the layer of the Earth between the crust and the outer core; in biology, a tissue that encloses the vital organs of mollusks and secretes the shell.

Mollusk Group

A diverse group of invertebrate animals that includes snails, clams, squids, and octopuses, characterized by a soft body that is often protected by a hard shell.

Club Fungi

Fungi that produce spores on club-shaped structures during sexual reproduction.