If the Interest Rate Is 10% and You Will Receive

question 44

Multiple Choice

If the interest rate is 10% and you will receive $2000 next year and $3000 in three years, what is the present value?

• A)$5000.
• B)$6000.
• C)$5500.
• D)$4075.
• E)none of the above.

---

Definitions:

DMM Test Lead

Conductive wires with connectors that attach to a digital multimeter (DMM) enabling the measurement of electrical properties such as voltage, current, and resistance in circuits.

"COM" Socket

"COM" socket, short for communication socket, refers to a type of interface or port on devices that facilitates serial communication between devices, often used in computer and telecommunications applications.

Wingman CMS

An advanced driver assistance system designed to provide collision mitigation, lane departure warnings, and adaptive cruise control for vehicles.

Red Light

A traffic signal indicating to stop and remains one of the most universal signals for controlling vehicle movements at intersections.