Assuming an Interest Rate of 14%, the Present Value of $30,000

question 190

Multiple Choice

Assuming an interest rate of 14%, the present value of $30,000 to be received 8 years from now would be closest to: Present Value of $1
Present Value of Annuity of $1

• A)$10,530.
• B)$33,600.
• C)$30,000.
• D)$139,170.

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Definitions:

Phytoplankton

Microscopic plant-like organisms that live in aquatic environments, capable of photosynthesis, and form the base of the oceanic food chain.

Aquatic Life Zones

Specific areas in bodies of water, categorized by depth, light penetration, temperature, and other factors, that support various forms of life, including freshwater and marine ecosystems.

Coastal Life Zones

Areas along the coast characterized by distinct biological communities and abiotic conditions, often defined by factors such as depth, salinity, and wave action.

Prairie Potholes

Depressional wetlands scattered throughout the Upper Midwest of the United States and Canada, vital for waterfowl breeding and nesting habitats.