The Present Value of $100 Received 3 Years from Now

question 95

Multiple Choice

The present value of $100 received 3 years from now given a current interest rate of 6% is

• A)$82.00.
• B)$83.96.
• C)$100.00.
• D)$116.00.
• E)$118.00.

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Definitions:

Nonprofits

Organizations that operate for charitable, educational, cultural, scientific, or social purposes rather than profit, reinvesting excess revenue in their mission.