Which of the Following Is the Correct Expression for Finding

question 43

Multiple Choice

Which of the following is the correct expression for finding the present value of a $500 payment two years from today if the interest rate is 4 percent?

• A)$500/(1.04)²
• B)$500 - 500(1.04)²
• C)$500 - $500/(.04)²
• D)None of the above is correct.

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Definitions:

Terrorism

The use of violence and threats to intimidate or coerce, especially for political purposes.

Warrants

Financial securities that grant the holder the right to buy shares of a company at a fixed price until the expiry date.

Exclusionary Rule

A legal principle in the United States that prevents evidence collected or analyzed in violation of the defendant's constitutional rights from being used in a court of law.

Probable Cause

A reasonable basis for believing that a crime may have been committed, which is a standard used in law to justify searches, arrests, and issuing warrants.