What Is the Present Value (PV)of $1 Million Received 100

question 25

Multiple Choice

What is the present value (PV) of $1 million received 100 years from now,assuming the interest rate is 5% per year?

• A)$10,000
• B)$7,604
• C)$9,524
• D)$11,114
• E)$112

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Definitions:

Hit a Home Run

To achieve great success in a particular endeavor or activity, often surpassing expectations.

Cultural Intelligence

The capability to function effectively in culturally diverse settings.

Promotion

Advancement to a higher position or rank, often accompanied by increased responsibilities and benefits.

Brazil

The largest country in South America, known for its diverse culture, rainforests, and landmarks like the Amazon River and Christ the Redeemer statue.