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:

Specialize

To focus on a particular area of study, work, or production, often improving efficiency and quality in that domain.

Trade

An exchange of goods or services between two or more parties.

Production Possibilities

The various combinations of goods and services that can be produced from a fixed set of resources.

Specialization

Specialization involves focusing on a narrow area of knowledge or skill, enabling individuals or firms to produce goods or services more efficiently.