What Is the Present Value of $2,000 with 16% Interest,to

question 131

Multiple Choice

What is the present value of $2,000 with 16% interest,to be received in 18 years?

• A)$161.61
• B)$150.30
• C)$155.83
• D)$148.48
• E)$138.20

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Definitions:

Similarity

The state of being alike or having attributes in common, often used in various contexts such as psychology, mathematics, and everyday comparisons.

Sensory Adaptation

Tendency of sensory receptor cells to become less responsive to a stimulus that is unchanging.

Sensory Receptors

Specialized cells or structures in organisms that detect and respond to external stimuli from the environment, such as light, sound, and pressure.

Light Waves

Light Waves are electromagnetic waves that are visible to the human eye, responsible for the sensation of sight and varying in wavelength to produce different colors.