If the Single Amount of $5,000 Is to Be Received

question 164

Multiple Choice

If the single amount of $5,000 is to be received in 3 years and discounted at 6%, its present value is:

• A) $4,200.
• B) $4,450.
• C) $5,000.
• D) $5,300.

---

Definitions:

Product Development

The complete process of bringing a new product or service to market, from initial concept through design, creation, and market introduction.

Growth Strategy

Plans and actions that a company implements to expand its business, increase market share, or develop its operations.

New Products

Goods or services that have been recently developed or introduced to the market.

Market Development

A strategic approach to grow a business by identifying and entering new markets for existing products.