Which,if Any,of the Present Values Below Are Correct

question 7

Multiple Choice

Which,if any,of the present values below are correct?

• A)$1,000 one year from today at 8 percent interest = $945.45
• B)$1,000 one year from today at 9 percent interest = $911.11
• C)$1,000 one year from today at 10 percent interest = $909.09
• D)None of the above are correct to the nearest penny.

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Definitions:

Major Rivers

Large, significant rivers that have considerable length, water volume, and drainage area, playing crucial roles in their regional ecosystems and human economies.

Transform Boundary

A type of tectonic plate boundary where two plates slide horizontally past each other, often causing earthquakes.

Reverse Fault

A type of fault where the hanging wall moves upward relative to the footwall, typically occurring at convergent plate boundaries.

Continental Rift

A linear zone where the Earth's crust and lithosphere are being pulled apart and is an early stage of continental breakup.