The Present Value of $1,000 Received at the End of Year

question 154

Multiple Choice

The present value of $1,000 received at the end of year 1, $1,200 received at the end of year 2, and $1,300 received at the end of year 3, assuming an opportunity cost of 7 percent, is ________.

• A) $2,500
• B) $3,044
• C) $6,516
• D) $2,856

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Definitions:

Phlebotomy

The practice of drawing blood from patients for testing, transfusions, research, or donation.

Platelets

Small blood cells that play a crucial role in blood clotting and wound healing processes.

Red Blood Cells

Cells in the blood that carry oxygen from the lungs to the body's tissues and carbon dioxide back to the lungs.

Erythroblastosis Fetalis

A potentially fatal blood disorder in newborns caused by incompatibility between the blood types of the mother and child.