What Is the Present Value of a $7,000 Payment Made

question 43

Multiple Choice

What is the present value of a $7,000 payment made in six years when the discount rate is 4%?

• A) $5,290.42
• B) $5,532.20
• C) $5,802.82
• D) $6,103.73

---

Definitions:

Urban Centers

Populated areas characterized by high density of buildings, people, and significant economic, cultural, and social activities.

Writing

The act or process of forming letters, words, or symbols on a surface, typically to communicate ideas or convey information.

Centralized Political Authority

An organizational structure where a single entity or a small group of entities holds the majority of governing power and control, making key decisions that affect the society or nation.

Warfare

denotes conflict between different groups or states, often involving armed combat, strategies, and tactics to defeat the opponent.