A Single Amount of $5,000 Is to Be Received in 3

question 35

Multiple Choice

A single amount of $5,000 is to be received in 3 years.If the single amount is discounted at 6% for 3 periods,the present value is ________.The present value of one for 3 periods at 6% is 0.84.The present value of an ordinary annuity of one for 3 periods at 6% is 2.673.

• A)$4,200.
• B)$4,450.
• C)$5,000.
• D)$13,365.

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Definitions:

Unimodal

A distribution with a single peak or mode.

Skewed

Describes a distribution that is not symmetrical, with data points clustering more on one side of the mean than the other.

Symmetric

In mathematics, describing a shape or system that is identical in form on both sides of a central axis.

Histogram

A graphical representation of data that groups the data into ranges or bins and displays the frequency of data within each range using bars.