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

question 70

Multiple Choice

What is the value today of $3,600 received at the end of each year for 7 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

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Definitions:

Resource Demand

The desire and ability of firms to acquire economic resources or inputs like labor, technology, and raw materials, influenced by the price of these resources and the level of economic output.

Population Growth

The increase in the number of individuals in a population, usually expressed as a percentage of the total population per year.

Consumption Per Person

A measure of the average amount of goods and services consumed by each person within a specific population.

World Commodity Prices

The prices at which basic products, which are traded globally, are sold and bought in the international markets.