With a Nominal Interest Rate of 10% Per Year,the Present

question 62

Multiple Choice

With a nominal interest rate of 10% per year,the present discounted value of $200 to be received in two years is

• A)$82.64.
• B)$90.91.
• C)$165.29.
• D)$181.82.
• E) $220.00.

---

Definitions:

Siberia

A vast geographic region, covering most of North Asia, known for its harsh climate, extensive boreal forests, and significant mineral resources.

Ocean Plateaus

Large, elevated areas on the ocean floor, generally volcanic in origin, rising several hundred meters above the surrounding seafloor.

Basalt Magma

A type of magma that is low in silica and typically originates from the upper mantle, leading to the formation of basalt rock upon cooling.

Volcanic Eruptions

A natural geologic process where magma, ash, and gases are expelled from a volcano.