Using the Exact Method,what Is the Present Value of $100,000

question 55

Multiple Choice

Using the exact method,what is the present value of $100,000 due in 19 months if j₄ = 12%? (Answer to nearest dollar. )

• A)$82,935
• B)$82,927
• C)$82,919
• D)$82,901

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Definitions:

Corpus Luteum

A temporary endocrine structure in female ovaries that secretes progesterone after ovulation.

Ruptured Follicle

A follicle that releases its egg during ovulation, sometimes referred to as ovulation itself.

Progesterone

A steroid hormone released by the corpus luteum that regulates the condition of the endometrium (lining of the uterus), making it suitable for pregnancy.

Oviducts

Tubes through which eggs travel from the ovaries to the uterus in female mammals; also known as fallopian tubes.