Using the Tables Above,what Is the Present Value of $6,000

question 153

Multiple Choice

Using the tables above,what is the present value of $6,000 to be received at the end of each of the next 4 years,assuming an earnings rate of 10%?

• A) $20,790
• B) $19,020
• C) $14,412
• D) $25,272

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Definitions:

Fretting

Wear at the contact surfaces of two materials that occurs from repeated cyclical motion or vibration, often seen in electrical connections.

Thermal Cycling

A pattern of heating and cooling that, over time, can cause resistance to build up in electrical connections.

Amps

A unit of electric current, short for amperes, indicating the amount of electrical charge passing a point per second.

Voltmeter

An electrical measuring instrument used to measure the electrical potential difference between two points in an electric circuit.