With an Interest Rate of 6 Percent,the Present Value of $100

question 66

Multiple Choice

With an interest rate of 6 percent,the present value of $100 next year is approximately

• A) $106.
• B) $100.
• C) $94.
• D) $92.

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Definitions:

Default Field Property

The predefined attributes or settings for database fields, such as data type or size, that apply when a new field is created.

Design View

An interface in various software applications that allows users to visually create and modify databases, web pages, or documents without writing code.

Datasheet View

A display format in software applications like databases that presents data in rows and columns, resembling a spreadsheet.

Currency Data Type

Used in databases and financial applications, this data type is specifically designed to store monetary values, accommodating currency symbols and decimal precision.