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What Is the Present Value of $500

question 76

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What is the present value of $500.00 to be paid in two years if the interest rate is 5 percent?

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Definitions:

Urogenital Sinus

A part of the embryonic development of mammals that gives rise to parts of the urinary and genital tracts.

Urinary Bladder

An organ that stores urine produced by the kidneys before it is expelled from the body.

Ureter

A tube that carries urine from the kidneys to the bladder for storage until elimination.

Urethra

The duct through which urine exits the body from the urinary bladder, and in males, also conveys semen during ejaculation.

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