If the Annual Interest Rate Is 6%,the Present Value of $100

question 49

Multiple Choice

If the annual interest rate is 6%,the present value of $100 paid 3 years from now is

• A)$15.15.
• B)$40.00.
• C)$56.45.
• D)$83.96.
• E)$94.34.

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Definitions:

Coal

A combustible black or brownish-black sedimentary rock formed from ancient plant material, rich in carbon, used as a fuel.

Oil Seeps

Natural leakages of crude oil from the ground due to geological formations breaking the surface.

Salt

A mineral composed primarily of sodium chloride (NaCl), used in food seasoning and preservation, and industrially in chemical production.

Energy Resource

A natural or artificial source of power that can be converted into useful energy, such as fossil fuels, solar, or wind power.