A Single Amount of $4700 Is to Be Received in 3

question 29

Multiple Choice

A single amount of $4700 is to be received in 3 years.If the single amount is discounted at 6% for 3 periods,the present value is ________.The present value of $1 for 3 periods at 6% is 0.840.The present value of an ordinary annuity of $1 for 3 periods at 6% is 2.673.(Round your final answer to the nearest dollar. )

• A)$3948
• B)$4418
• C)$4700
• D)$12,563

---

Definitions:

Discipline

A method of teaching or training, especially to improve behavior, that often includes setting rules and consequences.

Guidance

Advice or information aimed at resolving a problem or reaching a decision.

Consequences Approach

A method or strategy that emphasizes the outcomes or results of actions, particularly in educational or behavioral contexts.

Cultures

The shared values, norms, beliefs, languages, and practices of particular groups of people that shape their worldview and ways of living.