What Is the Present Value of $100,000 Due Exactly 4

question 21

Multiple Choice

What is the present value of $100,000 due exactly 4 years and 8 months from today if j₂ = 9% and the practical method of discounting is used?

• A)$66,324.55
• B)$66,310.35
• C)$66,296.00
• D)$65,358.66

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Definitions:

Marginal Revenue

The supplementary financial gain obtained through the sale of one more unit of a good or service.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes.

Marginal Revenue

The profit increment a business achieves through the sale of one extra unit of its offerings.

Macaws

Large, brightly colored parrots with long tails and powerful beaks, native to Central and South America.