Given an 8% Interest Rate, Compute the Present Value of Payments

question 80

Multiple Choice

Given an 8% interest rate, compute the present value of payments made in years 1, 2, 3 and 4 of $900, $800, $700, and $600.

• A) $2,409.33
• B) $2,515.90
• C) $2,591.72
• D) $2,611.38

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Definitions:

Mask Instruction

A mask instruction in computing or programmable logic controllers (PLCs) is used to selectively enable or disable bits in a word or byte by applying a mask pattern.

Input Scan

One of three parts of the PLC scan. During the input scan, input terminals are read and the input table is updated accordingly.

Stop Button

A control mechanism used to immediately halt operations or processes in a system or machinery.

PLC System

A system used in industrial automation to control machinery and processes, consisting of programmable logic controllers.