The Present Value of $100 to Be Received 10 Years

question 39

Multiple Choice

The present value of $100 to be received 10 years from today,assuming an opportunity cost of 9 percent,is: (Round to the nearest whole dollar)

• A) $236
• B) $699
• C) $42
• D) $75
• E) $50

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Definitions:

Byzantine Empire

A term used to describe the Eastern Roman Empire from the fall of the Western Roman Empire in the 5th century A.D. to the fall of Constantinople in 1453.

Ancient Greek

Refers to the culture, language, and civilization of Greece during a period spanning from the 9th to the 1st century BC, known for its art, architecture, philosophy, and the origins of democracy.

Medieval Thinkers

Intellectuals during the Middle Ages who explored various fields of thought, including theology, philosophy, and science, often within the framework of religious belief.

Ptolemy's

Refers to the works and theories of Claudius Ptolemy, a Greco-Roman mathematician, astronomer, and geographer, best known for his geocentric model of the universe and the influential text "Almagest."