If the Interest Rate Is 3%, the Present Value of $900

question 89

Multiple Choice

If the interest rate is 3%, the present value of $900 received at the end of 4 years is:

• A)$792.00
• B)$799.64.
• C)$873.79.
• D)$927.40

---

Definitions:

Exemption Clause

A contract term that attempts to limit or exclude one party's liability for certain eventualities or damages.

Deliverable State

A condition referring to the readiness or suitability of a product or property to be handed over or delivered as per an agreement.

Standard-Sized Cupboards

Standard-sized cupboards refer to storage units with dimensions that adhere to commonly accepted measurements for such furniture, facilitating compatibility and uniformity in spaces.

Lien

A claim registered against property, such as a mortgage; a charge giving the creditor the right to retain what is in her possession until her demands for payment are satisfied.