Using the Tables Above,what Is the Present Value of $3,000

question 186

Multiple Choice

Using the tables above,what is the present value of $3,000 (rounded to the nearest dollar) to be received at the end of each of the next 4 years,assuming an earnings rate of 12%?

• A) $10,815
• B) $7,206
• C) $9,111
• D) $1,908

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Definitions:

Fiscal Results

The financial outcomes of a company's operations over a specific period, indicating profitability and financial health.

Inventory Shrinkage

The loss of products between purchase from a supplier and sale to the customer, often due to theft, damage, or administrative errors.

Managerial Policies

Guidelines, rules, and procedures established by an organization's management to dictate and guide decision-making and operational practices.

Balance Sheet

A financial statement that shows assets and liabilities at one point in time.