A Lump Sum of $25,000 Is Due in 4-Years and 5

question 122

Multiple Choice

A lump sum of $25,000 is due in 4-years and 5 months.What is the present value of this amount using the practical method if the interest rate is j₂ = 8%?

• A)$17,681.77
• B)$17,679.86
• C)$17,677.99
• D)$17,685.52

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Definitions:

Petals

The colorful parts of a flower that surround the reproductive structures.

Corolla

Collectively, the petals of a flower.

Receptacle

In botany, the part of a flower stalk where the parts of the flower are attached.

Flower Parts

The structural components of a flower, including petals, stamens, carpels, and sepals, each performing specific functions in the reproductive process of plants.