What Is the Present Value (PV)of $66,000 Received 7 Years

question 5

Multiple Choice

What is the present value (PV) of $66,000 received 7 years from now,assuming the interest rate is 9% per year?

• A)$60,550
• B)$60,000
• C)$66,000
• D)$36,104
• E)$8,650

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Definitions:

Distorted Representations

Misleading portrayals or descriptions that inaccurately depict the characteristics, abilities, or qualities of individuals or groups.

Gee's Bend

A rural community in Alabama known for its rich history and unique quilting tradition among African American residents.

African American Women

Women of African descent living in the United States, encompassing a diverse group with a rich heritage and significant contributions to American culture and history.

Quilts

Fabric creations comprised of multiple layers sewn together, often featuring intricate patterns or designs and used for warmth or as decorative items.