If the Current Rate of Interest Is 8%,then the Present

question 37

Multiple Choice

If the current rate of interest is 8%,then the present value (PV) of an investment that pays $1000 per year and lasts 20 years is closest to:

• A)$18,519
• B)$45,761
• C)$9,818
• D)$20,000

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Definitions:

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Infections that are primarily passed through sexual contact, including viruses, bacteria, and parasites.

Extroverts

Individuals who are outgoing, sociable, and often derive energy from interactions with others.

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The state of abstaining from marriage and sexual relations, often for religious or spiritual reasons.

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A job or employment that is highly profitable and provides a significant financial return or benefit.