Assuming an Interest Rate of 10%, the Present Value of $8000

question 143

Multiple Choice

Assuming an interest rate of 10%, the present value of $8000 received at the end of each year for 5 years would be closest to: Present Value of $1
Present Value of Annuity of $1

• A)$4968.
• B)$40,000.
• C)$30,328.
• D)$61,776.

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Definitions:

Trade Surplus

A situation where a country's exports exceed its imports during a specific time period, indicating a positive balance of trade.

Exchange Control

Refers to the regulation of a country’s currency exchange rate.

Global Business

Commercial activities that occur across national borders, involving the production, distribution, and marketing of goods and services.

Global Market

The international trading environment where goods, services, currencies, and investments are exchanged across borders.