What Is the Present Value of a $1,000 Payment at the End

question 97

Multiple Choice

What is the present value of a $1,000 payment at the end of each of the next 10 years discounted back to the present at 5%?

• A)$5,098
• B)$7,722
• C)$8,775
• D)$9,112

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Definitions:

Sociological Perspective

An analytical framework for understanding the social world, focusing on how societal forces influence individuals and groups.

Social Experiences

The interactions and events that an individual undergoes in society, which contribute to their personal development and social identity.

Genetic

Relating to genes or heredity, and the influence thereof on the physical and possibly behavioral traits of an organism.

Competition

A situation in which individuals or groups vie for dominance, resources, or success in a particular field or activity.