The Present Value of $100 to Be Received One Year

question 65

Multiple Choice

The present value of $100 to be received one year from now,with an annual interest rate of 8%,is

• A)$85.73.
• B)$94.34.
• C)$92.59.
• D)$102.13.
• E)$108.00.

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Definitions:

Femur

The thigh bone, which is the longest and strongest bone in the human body, connecting the hip to the knee.

Basal Cell Carcinoma

A type of skin cancer that arises from the basal cells, known for its slow growth and being the most common skin cancer.

Squamous Cell Carcinoma

A type of skin cancer that arises from flat cells found in the outer layer of the skin, capable of metastasizing if not treated promptly.

Melanoma

A type of skin cancer that develops from the pigment-producing cells known as melanocytes.