The Present Value on January 1,2010 of 8 Annual Payments

question 60

Multiple Choice

The present value on January 1,2010 of 8 annual payments of $7,500 each with the first payment to be made on January 1,2011,assuming a 9% interest rate is:

• A)$63,764.25
• B)$41,511.14
• C)$30,114.00
• D)$82,713.75

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Definitions:

Boot Process

The sequence of operations that a computer system performs from the moment it is turned on until it is ready for use, involving hardware and software initialization to load the operating system.

BIOS

Basic Input/Output System, firmware that initializes and tests hardware during the startup process of a computer.

Boot Process

The sequence of events and operations that a computer system undergoes when it is turned on, leading up to the loading of the operating system.

BIOS

Basic Input/Output System, a firmware interface that initializes and tests hardware during the booting process of a computer, prior to handing over control to the operating system.