Consider a Five-Year Fixed-Payment Security That Has a Present Value

question 8

Multiple Choice

Consider a five-year fixed-payment security that has a present value of $1,500.If the annual rate of discount is 2 percent, the payment made at the end of each year is

• A)$231.77.
• B)$288.24.
• C)$300.00.
• D)$310.00.

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Definitions:

Exhibits

Physical or digital evidence presented during a trial or hearing to support arguments or claims.

Civil Trial

A legal process through which private disputes that involve claims of civil wrongs are resolved in court, without involvement of criminal sanctions.

Subpoenas

Legal documents that order an individual or organization to appear in court or produce evidence or information in a legal case.

Electronic Media

Media that utilize electronics or electromechanical energy for the end-user to access the content, such as radio, television, and the internet.