If the Interest Rate Is 5%, What Is the Present

question 51

Multiple Choice

If the interest rate is 5%, what is the present value of ten dollars received one year from now?

• A)$9.50.
• B)$10.05.
• C)$9.52.
• D)$9.77.

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Definitions:

Endocrine

Pertains to the system of glands that release hormones directly into the bloodstream to regulate body functions.

Chemical Secreted into Blood

Substances released by cells or glands into the bloodstream to act on distant target organs or tissues.

Specialized Cells

Cells that have developed distinct characteristics and functions, adapted to perform a specific role within an organism.

Endocrine

Relating to glands that secrete hormones directly into the bloodstream to regulate various bodily functions.