The Present Value of $13,000 Received Seven Years from Today,assuming

question 29

Multiple Choice

The present value of $13,000 received seven years from today,assuming an interest rate of 5% compounded annually is:

• A)$ 9,269.00
• B)$18,292.30
• C)$17,550.00
• D)$ 9,238.85

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Definitions:

Folic Acid

A B-vitamin essential for cell growth and metabolism, important for the production of DNA and RNA, and crucial for preventing birth defects during pregnancy.

Calcium

A chemical element and essential nutrient that is crucial for many bodily functions, including bone health and nerve transmission.

Iron

A chemical element with symbol Fe and atomic number 26, essential for human health as it plays a critical role in oxygen transport and metabolic processes.

Teratogens

Agents, such as chemicals or viruses, that can cause birth defects or abnormalities in a developing fetus when exposed to them during pregnancy.