Present Value Given a 4 Percent Interest Rate,compute the Present

question 91

Multiple Choice

Present Value Given a 4 percent interest rate,compute the present value of deposits made in years 1,2,3,and 4 of $1,000,$1,200,$1,200,and $1,400.

• A)$4,103.06
• B)$4,334.53
• C)$4,615.38
• D)$4,804.00

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Definitions:

Executive Control Center

A term often associated with the prefrontal cortex of the brain, responsible for decision making, planning, and regulating behavior.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for voluntary movement and involved in functions such as reasoning, planning, and problem-solving.

Brain

The organ in the head of an organism that controls its actions, thoughts, feelings, and interactions with the environment.

Occipital

Pertaining to the occipital lobe, a region of the brain responsible for processing visual information.