Compute the Present Value of a $2,500 Deposit in Year

question 102

Multiple Choice

Compute the present value of a $2,500 deposit in year 4 and another $10,000 deposit at the end of year 8 if interest rates are 15%.

• A) $4,211.26
• B) $4,572.19
• C) $4,698.40
• D) $4,901.57

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Definitions:

Strikes

Work stoppages caused by the mass refusal of employees to work, aimed at protesting against employers' terms.

Lockouts

An action taken by employers to prevent employees from working during a labor dispute, aimed at pressuring the workers to accept certain conditions.

Taft-Hartley Act

A 1947 federal law in the United States that restricts the activities and power of labor unions, officially known as the Labor Management Relations Act.

Taft-Hartley Act

A 1947 federal law in the United States that restricts the activities and power of labor unions, also known as the Labor Management Relations Act.