Use the Table for the Question(s)below

question 30

Multiple Choice

Use the table for the question(s) below.
Suppose the term structure of interest rates is shown below:
-The present value of receiving $1000 per year with certainty at the end of the next three years is closest to:

• A)$2737.
• B)$2723.
• C)$2733.
• D)$2744.

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Definitions:

National Guard

A reserve military force composed of state National Guard militia units, which may be called upon by the state or federal government during emergencies or to fulfill other duties.

Little Rock

Capital city of the state of Arkansas, historically noted for the 1957 desegregation crisis at Little Rock Central High School, which became a landmark in the civil rights movement.

Full Amnesty

The complete forgiveness of offenses or crimes by a government, often related to immigration or political issues.

Late Rebellion

Often refers to the American Civil War or other significant insurrections, characterized by armed resistance against an established government or authority.