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:

Identification of Parties

The process of clearly determining and naming the individuals or entities involved in a legal agreement or dispute.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and harmonize the law of sales and other commercial transactions across the country.

Written Document

A piece of written, printed, or digital matter that provides information or evidence.

Quantity of Goods

The specific amount or number of items being bought, sold, or produced.