Joe Has to Pay $50 000 in 1

question 3

Multiple Choice

Joe has to pay $50 000 in 1.5 years' time.If the interest rate is 15% p.a. ,compounded continuously,how much does she owe in present value terms?

• A)$46 387
• B)$49 077
• C)$39 926
• D)$37 041

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Definitions:

Synovial Membrane

A layer of connective tissue that lines the inner surface of capsules in synovial joints, producing synovial fluid for lubrication.

Serous Membrane

A thin, smooth membrane consisting of two layers that line and enclose several body cavities, where fluid is secreted between layers to reduce friction.

Mucous Membrane

Thin sheet consisting of epithelium and connective tissue (lamina propria) that lines cavities that open to the outside of the body; many contain mucous glands that secrete mucus.

Cutaneous Membrane

Another term for the skin, the body's largest organ, which serves as a protective barrier against environmental hazards and pathogens.