A Single Amount of $4700 Is to Be Received in 3

question 29

Multiple Choice

A single amount of $4700 is to be received in 3 years.If the single amount is discounted at 6% for 3 periods,the present value is ________.The present value of $1 for 3 periods at 6% is 0.840.The present value of an ordinary annuity of $1 for 3 periods at 6% is 2.673.(Round your final answer to the nearest dollar. )

• A)$3948
• B)$4418
• C)$4700
• D)$12,563

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African Americans

A racial or ethnic group in the United States with ancestral origins in Africa, particularly sub-Saharan Africa, with a rich cultural heritage and history.

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Factors in an organism's genes that can affect its traits and behaviors, often studied to understand inheritance and variation.

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The average period that an individual is expected to live, based on statistical averages, taking into account factors like current age, sex, and health conditions.