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

question 63

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)$3,043.
• C)$6,516.
• D)$2,856.

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Definitions:

Flowering Promoter

A substance or environmental cue that stimulates a plant to transition from vegetative growth to flowering.

Flowering Inhibitor

A substance or hormone that suppresses or delays the flowering process in plants.

Auxin

A class of plant hormones that play a key role in coordinating growth and behavioral processes in the plant's life cycle.

Apical Meristem

Growth regions in plants that are found at the tips of roots and shoots, responsible for primary growth and the elongation of shoots and roots.