Find the Present Value of a Future Value of $1,750

question 112

Short Answer

Find the present value of a future value of $1,750 due in 9 years at an effective rate of 3.65%.

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Definitions:

Soviet Union

A federal socialist state in Eurasia that existed from 1922 to 1991, composed of multiple republics, and a principal actor in the Cold War.

Cold War

A period of geopolitical tension between the Soviet Union and the United States and their respective allies, from the end of World War II until the dissolution of the Soviet Union in 1991, characterized by threats, propaganda, and other measures short of open warfare.

Operation Wetback

A 1954 initiative by the U.S. government to remove illegal immigrants, primarily Mexicans, from the United States, resulting in the deportation of thousands.

CIA

The Central Intelligence Agency, a civilian foreign intelligence service of the federal government of the United States, tasked with gathering, processing, and analyzing national security information from around the world.