With a Nominal Interest Rate of 10%,the Present Discounted Value

question 39

Multiple Choice

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

• A)$90.91.
• B)$165.29.
• C)$181.82.
• D)$190.00.
• E) $220.00.

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Definitions:

Standard Normal

A normal distribution with a mean of zero and a standard deviation of one, serving as the basis for z-score calculations in statistics.

Telefacsimile Machine

A device, commonly known as a fax machine, used to send and receive printed documents over a telephone line.

Electronic Signals

Electrical impulses or waves used to transmit information over distances, through wires, air, or other media.

Fax Machine

A device that transmits scanned printed material (both text and images) to a telephone number connected to a printer or other output device.