In Order to Receive $12,000 at the End of Three

question 16

Multiple Choice

In order to receive $12,000 at the end of three years and $10,000 at the end of five years,how much must be invested now if you can earn 14% rate of return? (Ignore income taxes in this problem.) (Round your PV factor to 5 decimal places and final answer to nearest whole dollar amount.)

• A) $8,100.
• B) $12,978.
• C) $13,293.
• D) $32,054.

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Definitions:

Presbycusis

Age-related hearing loss that gradually occurs in most individuals as they grow older.

American Newborn

An infant who has recently been born in the United States.

Presbycusis

Age-related hearing loss that gradually occurs as one gets older, affecting the ability to hear higher frequencies.

Glaucoma

A group of eye conditions that damage the optic nerve, essential for vision, often resulting in vision loss and blindness.