(Present Value Tables Required)Assuming an Interest Rate of 6%,the Present

question 40

Multiple Choice

(Present value tables required) Assuming an interest rate of 6%,the present value of $22,000 to be received 9 years from now would be closest to

• A)$16,434.
• B)$13,024.
• C)$37,162.
• D)$35,068.

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Definitions:

Tolerance

The ability or capacity to endure continued subjection to something, such as a drug or environmental conditions, without adverse reaction.

Maple Seedling

A young tree that has germinated from a maple seed and is in its early stages of growth.

Birch Stand

A group or cluster of birch trees growing together.

Underground Aquifers

Geological formations that can store, transmit, and yield groundwater to wells and springs.