What Is the Price Today of an Investment That Will

question 75

Multiple Choice

What is the price today of an investment that will pay the single sum of $20 000 after three and a half years if the discount rate is 7.64% per annum,compounded annually?

• A) $2743.37
• B) $15 456.89
• C) $15 780.00
• D) $16 036.48

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Definitions:

Reward

Something given in exchange for good behavior or achieved objectives, used as a form of motivation.

Employees

Individuals who are hired to perform specific duties or services for an employer in return for payment.

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A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol despite adverse consequences on personal and professional life.

Ethics Competency

The ability to understand and apply ethical principles and standards in decision-making and actions.