Using the Present Value Tables,please Compute the Present Value of $20,000

question 131

Multiple Choice

Using the present value tables,please compute the present value of $20,000 discounted back 5 periods at 4%.

• A) $16,400
• B) $19,240
• C) $18,180
• D) $16,440

---

Definitions:

Taxpayer

An individual or entity that is obligated to make payments to a governmental authority, usually in the form of taxes on income, property, or purchases.

Invisible Hand

A metaphor used by Adam Smith to describe the self-regulating nature of the market, where individual self-interest promotes societal benefit.

Economic Policy

Strategies and actions taken by the government to influence its economy, affecting issues like unemployment, inflation, and economic growth.

Monetary Stability

The condition of having stable prices and low inflation in an economy, maintaining the purchasing power of the currency.