The Present Value of a $100 Deposit in 10 Years

question 102

True/False

The present value of a $100 deposit in 10 years at 10% is $38.55.

---

Definitions:

Antiterrorism Security

Measures and practices put in place to prevent, deter, and respond to terrorist activities.

Mass Transit

Public transportation systems that move large numbers of passengers within urban and suburban areas.

Informal Writing Style

A relaxed, conversational approach to writing that does not adhere strictly to formal grammar, punctuation, and structure rules.

Contractions

Shortened forms of words or phrases created by omitting certain letters and sounds, typically in informal language.