If the Current Rate of Interest Is 8% APR,then the Present

question 76

Multiple Choice

If the current rate of interest is 8% APR,then the present value of an investment that pays $250 per quarter and lasts 20 years is closest to:

• A)$18,519.
• B)$48,443.
• C)$9936.
• D)$20,000.

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Definitions:

Probabilistic Events

Events or outcomes that are unpredictable to a degree but can be measured in terms of probabilities or likelihoods.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Desired Goal

An objective or outcome that an individual aims to achieve or reach.

Donald Hebb

Canadian psychologist best known for his work in the field of neuropsychology and his proposal that neurons that fire together, wire together.