What Is the Present Value of $888 in a One

question 19

Multiple Choice

What is the present value of $888 in a one year if the current rate of interest is five percent?

• A)$4,440
• B)$845.71
• C)$177.60
• D)none of these

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Definitions:

MBCA

Stands for the Model Business Corporation Act, which is a template law designed to standardize and regulate the formation and operation of corporations across the United States.

Limited Voting Rights

Voting rights that are restricted in some manner, such as being allowed only under certain conditions or only applying to specific matters.

Treasury Shares

Shares that were once issued and outstanding but were later purchased back by the issuing company, reducing the amount of outstanding stock.

Issued But Not Outstanding

Shares that have been issued by a company but have been bought back and are held in the company's treasury, thus not currently available to investors.