What Is the Present Value of $150,000 to Be Received

question 29

Multiple Choice

What is the present value of $150,000 to be received 8 years from today if the discount rate is 11 percent?

• A)$65,088.97
• B)$71,147.07
• C)$74,141.41
• D)$79,806.18
• E)$83,291.06

---

Definitions:

Price Decreases

A reduction in the cost at which goods and services are sold, typically influencing demand.

Marginal Utility

The additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.

Video Game Rental

A service that allows consumers to borrow video games for a limited period of time for a fee.

Total Utility

The total satisfaction a product yields.