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

---

Definitions:

Marginal Revenue

The revenue uplift experienced by selling an additional unit of a product or service.

Marginal Cost

The additional expense incurred from producing one more unit of a good or service, which is crucial for decision-making in production and pricing.

Tennessee Valley Authority

a U.S. government agency established in 1933 to address a wide range of environmental, economic, and technological issues in the Tennessee Valley region.

Government Owned

Entities or assets that are owned, controlled, or operated by the government or a public authority.