If $8000 Is Invested in a Certain Business at the Start

question 31

Multiple Choice

If $8000 is invested in a certain business at the start of the year, the investor will receive $2400 at the end of each of the next four years. What is the present value of this business opportunity if the interest rate is 6% per year?

• A) $158.13
• B) $316.25
• C) $379.50
• D) $506.00

---

Definitions:

Old Age

Old age is a life stage characterized by the progression into the latter part of one's life, often considered to start in the 60s or 70s, depending on societal norms and health factors.

Increases

An act or process of becoming greater in number, size, amount, or degree.

Agreeableness

A personality trait that reflects a person's tendency to be compassionate, cooperative, and friendly towards others.

Extraversion

A personality trait characterized by outgoingness, high energy, and a tendency to seek stimulation and the company of others.