If the Current Rate of Interest Is 8%,then the Present

question 59

Multiple Choice

If the current rate of interest is 8%,then the present value (PV) of an investment that pays $1000 per year and lasts 20 years is closest to:

• A)$18,519
• B)$45,761
• C)$9818
• D)$20,000
• E)$10,016

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Definitions:

Ocean

The ocean is a vast body of saltwater that covers more than 70% of the Earth's surface, important for climate regulation, transportation, and providing a habitat for countless species.

Biogeochemical Cycles

These are natural pathways by which essential elements of living matter are circulated through the biotic (living) and abiotic (non-living) components of the Earth.

Nonbiological Reservoirs

Environments or materials that can harbor or transmit disease-causing organisms without having biological functions themselves.

Aquifers

Underground layers of water-bearing rock or materials that can yield water for use.