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.

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Definitions:

Saline Water

Water that contains a significant amount of dissolved salts, typically found in oceans and saltwater lakes.

Cold Currents

Ocean currents that move cold water from polar or temperate regions towards the equator, influencing regional climates and marine ecosystems.

July SST's

Sea Surface Temperatures measured globally or regionally in the month of July.

Monsoons

Monsoons are seasonal wind patterns that cause wet and dry seasons throughout much of the tropics, bringing significant rainfall during part of the year.