Which of the Following Is the Correct Expression for Finding

question 245

Multiple Choice

Which of the following is the correct expression for finding the present value of a $1,000 payment one year from today if the interest rate is 6 percent?

• A)$1,000(1.06)
• B)$1,000^(1.06)
• C)$1,000/(1.06)
• D)None of the above is correct.

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Definitions:

Functions

The natural purpose or activities specific to a person, organ, system, or entity.

Liver

A vital organ in vertebrates responsible for detoxification, protein synthesis, and the production of biochemicals necessary for digestion, among other functions.

Seven

A number; not a biological science key-term.

Organs

Structures consisting of different tissues that perform specific functions within an organism.