What Is the Present Value of 10 Annual Payments of $600

question 86

Multiple Choice

What is the present value of 10 annual payments of $600 at a discount rate of 12%?

• A)$1,332
• B)$1,761
• C)$1,840
• D)$2,825
• E)$3,390

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Definitions:

Social Networking

A means by which people use the Internet to communicate and share information among their immediate friends and to meet and connect with others through common interests, experiences, and friends.

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The process of sending e-mail messages to lure Internet users into revealing personal information such as credit card or Social Security numbers or other sensitive information that could lead to identity theft.

Script Virus

A type of malware that is executed through a scripting language, capable of infecting multiple files and spreading across networks.

Encryption Virus

A malicious program that searches for common data files and compresses them into a file using a complex encryption key, thereby rendering the files unusable.