What Is the Present Value of $575 in a One

question 160

Multiple Choice

What is the present value of $575 in a one year if the current rate of interest is 4 percent?

• A)$410.71
• B)$552.88
• C)$598
• D)$805

---

Definitions:

Informative Communication

Communication that serves to inform or provide knowledge about a particular topic or situation.

Respectful

Showing consideration, politeness, and honor towards others and their ideas, beliefs, or positions.

Cognitive Demands

The mental effort required to perform a task, including thinking, problem-solving, and decision-making.

Paid

Receiving money or compensation for services rendered or work done.