What Is the Value Today of $3,600 Received at the End

question 9

Multiple Choice

What is the value today of $3,600 received at the end of each year for seven years if the first payment is paid at the end of year 3 and the discount rate is 12 percent?

• A)$11,694.21
• B)$12,484.57
• C)$13,097.52
• D)$15,089.23
• E)$16,429.52

---

Definitions:

Sleep

A natural periodic state of rest for the mind and body, characterized by altered consciousness and reduced interactions with surroundings.

Age

The length of time that a person or organism has lived or a thing has existed.

Qualitative Research

Research that considers individual qualities instead of quantities (numbers).

Corporal Punishment

Discipline techniques that hurt the body (corpus) of someone, from spanking to serious harm, including death.