Consider the Following Timeline

question 8

Multiple Choice

Consider the following timeline:
If the current market rate of interest is 9%,then the present value of this timeline as of year 0 is closest to:

• A)$492
• B)$637
• C)$600
• D)$400

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Definitions:

Government Affirmative Action

Government policies or practices aimed at increasing opportunities for historically disadvantaged groups by implementing measures to ensure their consideration in jobs, education, and other sectors.

Federal Government

A system of government where powers and responsibilities are divided between a national government and smaller administrative regions, states or provinces.

Pentagon Papers

Classified United States government documents regarding the political-military involvement of the United States in Vietnam from 1945 to 1971, which were leaked to the public in 1971.

Vietnam War

A prolonged conflict (1955-1975) between the communist forces of North Vietnam, supported by its allies, and the government of South Vietnam, supported by the United States and other anti-communist nations.