What Is the Present Value of $100 to Be Deposited

question 1

Multiple Choice

What is the present value of $100 to be deposited today into an account paying 8%,compounded semiannually for 2 years?

• A) $85.48
• B) $100.00
• C) $116.00
• D) $116.99

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Definitions:

Parentheses

Curved symbols used in writing to enclose a word, phrase, or number that adds extra information or clarifies something.

Calculations

The process of computing or determining the results using mathematical or logical methods on numerical data.

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To point out or show something.

Join

A database operation that combines rows from two or more tables based on a related column between them.