At an Interest Rate of 8

question 45

Multiple Choice

At an interest rate of 8.25% compounded annually,what is the present discounted value of $2000 to be received 2 years from now?

• A) $1670.00
• B) $1706.78
• C) $1716.74
• D) $1835.00

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Definitions:

Medulla Oblongata

The lowest part of the brainstem, controlling vital body functions such as breathing, heart rate, and blood pressure.

Vestibule

An entrance or enclosed antechamber between the outside and the interior of a building or space.

Incus

A small anvil-shaped bone in the middle ear that, along with the malleus and stapes, helps transmit sound vibrations to the inner ear.

Stapes

The smallest bone in the human body, located in the middle ear, transmitting sound vibrations from the incus to the inner ear.