Which of the Following Best Expresses the Payment a Lender

question 13

Multiple Choice

Which of the following best expresses the payment a lender receives for lending money for three years?

• A)3PV
• B)PV(1 + i)3
• C)PV/(1 + i)3
• D)FV/(1 + i)3

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Definitions:

Reconstruction

A period after the American Civil War (1865-1877) aimed at rebuilding and reintegrating Southern states back into the Union.

Reconstruction Amendments

Amendments to the United States Constitution adopted during the Reconstruction era, including the 13th, 14th, and 15th amendments, which abolished slavery, granted citizenship rights, and prohibited voter discrimination based on race.

Federal Government

The national government of a federal country, which has specific powers delegated to it by a constitution, distinguished from state or provincial governments.

Custodian of Freedom

A term that implies the responsibility of protecting and preserving the liberties and rights of a group or nation.