The Present Value of $100 to Be Received 10 Years

question 112

Multiple Choice

The present value of $100 to be received 10 years from today, assuming an opportunity cost of 9 percent, is ________.

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

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Definitions:

Street Entertainers

Individuals or groups who perform various forms of entertainment in public spaces, often for voluntary donations.

Nonexcludability

Characterizes goods or services where it is not possible to prevent non-paying individuals from consuming the product, typical of public goods.

Public Goods

Economic goods that are non-excludable and non-rivalrous, meaning they can be simultaneously accessed by multiple people without diminishing availability to others.

Private Goods

Goods that are excludable and rival in consumption, meaning their use by one individual prevents use by another.