What's the Present Value of $1,525 Discounted Back 5 Years

question 52

Multiple Choice

What's the present value of $1,525 discounted back 5 years if the appropriate interest rate is 6%,compounded monthly?

• A)$969.34
• B)$1,020.36
• C)$1,074.06
• D)$1,130.59

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Definitions:

Muscularis

The layer of muscle found in various parts of the gastrointestinal tract, involved in peristalsis and the control of food movement.

Quadrate Lobes

Generally refers to a lobe of the liver, but "quadrate lobes" as plural is not a standard anatomical term, thus could be considered incorrect without further context.

Simple Columnar Epithelium

A single layer of tall, closely packed cells, lining organs such as the intestines and involved in absorption and secretion.

Microvilli

Microvilli are microscopic cellular membrane protrusions that increase the surface area for absorption or secretion, common in cells of the intestines and kidneys.