Given a 7 Percent Interest Rate, Compute the Present Value

question 143

Multiple Choice

Given a 7 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,000, $1,200, $1,500, and $1,500.

• A) $3,967.06
• B) $4,351.50
• C) $4,859.81
• D) $5,207.00

---

Definitions:

References

People who can speak positively about your skills and abilities to an employer.

Résumé

A document detailing an individual's background, skills, and accomplishments, typically used for job applications.

Contact Details

Information that allows someone to communicate with another person or organization, such as phone number, email address, or physical address.

Authenticate

To verify or prove the authenticity or validity of something, ensuring it is genuine and trustworthy.