What Is the Present Value of $100 Three Years from Now

question 390

Multiple Choice

What is the present value of $100 three years from now at an interest rate of 5%?

• A) $85
• B) $115.76
• C) $90.70
• D) $86.38

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Definitions:

ASME

The American Society of Mechanical Engineers, a professional association that sets standards for engineering practices, including those related to mechanical design.

American Society

A general term that could refer to various professional organizations in the United States, such as the American Society of Mechanical Engineers (ASME).

Drafting Standards

Established rules and conventions used in technical drawings and CAD designs to ensure clarity, accuracy, and uniformity.

ANSI

The American National Standards Institute, a private non-profit organization that oversees the development of voluntary consensus standards for products, services, processes, systems, and personnel in the United States.