What Is the Present Value of a Payment of $150

question 104

Multiple Choice

What is the present value of a payment of $150 one year from today if the interest rate is 6 percent?

• A)$141.11
• B)$141.36
• C)$141.75
• D)None of the above are correct to the nearest cent.

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Definitions:

Performance

The act of carrying out or accomplishing tasks, duties, or goals as expected or required in a specific role or function.

Subjectively

Based on or influenced by personal feelings, tastes, or opinions rather than external facts or evidence.

Piece-rate System

A compensation method in which employees are paid based on the quantity of work they complete, rather than the hours worked.

Product Manufacturing

The process of converting raw materials or components into finished goods that meet a company's specifications and can be offered to the market.