If Interest Rates Are 8

question 40

Multiple Choice

If interest rates are 8.21% per annum,compounded annually,the present value of $31 000 received at the end of three years is:

• A) $2819.17
• B) $9549.33
• C) $24 465.80
• D) $28 647.99

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Definitions:

Mechanistic

Pertaining to a rigid and structured approach, often related to organizations or processes that are highly systematic and controlled.

Organic Organizations

A type of flexible, adaptive organizational structure characterized by low levels of formalization and high levels of personal empowerment.

Organization Chart

A visual representation of the hierarchical structure of an organization, showing the relationships and relative ranks of its parts and positions/jobs.

Dimensions

Aspects, features, or elements that determine the nature or characteristics of something.