Assuming an Interest Rate of 10%, the Present Value of $40,000

question 68

Multiple Choice

Assuming an interest rate of 10%, the present value of $40,000 to be received 8 years from now would be closest to

• A) $15,440.
• B) $16,960.
• C) $18,660.
• D) $85,760.

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Definitions:

Backing Up

The process of creating a copy of data from a database or software system to prevent loss of information and facilitate recovery in case of data corruption or hardware failure.

Compacting

Compacting refers to the process of reducing the size of a database or file system by removing unused space, helping to improve efficiency and performance.

Database Passwords

Specific types of passwords used to protect and restrict access to a database, ensuring that only authorized users can access or modify the data.

Case Sensitive

Describes a condition where the differentiation between uppercase and lowercase letters is considered significant in operations like searches and password validation.