Given a 4 Percent Interest Rate, Compute the Present Value

question 150

Multiple Choice

Given a 4 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,000, $1,200, $1,200, and $1,400.

• A) $4,103.06
• B) $4,334.53
• C) $4,615.38
• D) $4,804.00

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Definitions:

Taft-Hartley Act

A 1947 federal law that restricted the activities and power of labor unions in the United States.

Illegal

Involves actions or activities that are forbidden by law or not authorized by legal regulations.

Boycotts

Organized refusal to buy, use, or participate in something as a form of protest or to exert pressure for change.

Taft-Hartley Act

A 1947 United States federal law that restricts the activities and power of labor unions, also known as the Labor Management Relations Act.