Carol Thomas Will Pay Out $6,000 at the End of Year

question 98

Multiple Choice

Carol Thomas will pay out $6,000 at the end of year two and $8,000 at the end of year three. Then Carol will receive $10,000 at the end of year four. With an interest rate of 10%, what is the net value of the payments versus receipts in today's dollars?

• A) ($7,326)
• B) ($10,242)
• C) ($17,794)
• D) ($4,134)

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Definitions:

Species Diversity

The variety and abundance of different species within a given ecological community or ecosystem.

Genetic Diversity

The amount of genetic information within a single population species.

Deep Ecology

Belief that unless we believe environmental issues become “our” issues, very little can be accomplished.

Biodiversity

The variety of life in the world or in a particular habitat or ecosystem, crucial for ecological balance.