If the Appropriate Interest Rate Is 8%,then Present Value of $500

question 40

Multiple Choice

If the appropriate interest rate is 8%,then present value of $500 paid at the end of each of the next 40 years is closest to:

• A)$23
• B)$5962
• C)$6439
• D)$20,0000

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Definitions:

Expression

In programming, it is a construct that computes or evaluates to a value.

Relational Operator

Operators used in programming languages to compare two values or expressions, resulting in a Boolean value indicating the relationship (e.g., equals, greater than, less than).

Logical Operators

Represent symbols in programming that perform logical conjunctions (AND), disjunctions (OR), negations (NOT), and conditional operations.

Logical Expressions

Statements that are evaluated as true or false and are used to control the flow of execution in programming languages.