What Is the Present Value of $100 to Be Deposited

question 1

Multiple Choice

What is the present value of $100 to be deposited today into an account paying 8%,compounded semiannually for 2 years?

• A) $85.48
• B) $100.00
• C) $116.00
• D) $116.99

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Definitions:

Patrick Henry

An American attorney, planter, and orator best known for his declaration to the Second Virginia Convention (1775): "Give me liberty, or give me death!"

Taxation

The practice by which governments impose financial charges on citizens or companies to fund public spending and government functions.

American Exceptionalism

The belief that the United States is unique among nations with respect to its ideals of democracy, liberty, and a distinct cultural heritage.

Military Aid

Support or assistance, typically in the form of supplies, services, or expertise, provided by one nation's military to another nation's armed forces.