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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Definitions:

Social Ecology

A field that studies the relationships between people and their environment, emphasizing the social, institutional, and cultural contexts of environmental problems.

Relative Deprivation

A subjective feeling of disadvantage that arises from comparing oneself to others and believing oneself to be worse off.

Perception

The method through which living beings decipher and structure sensory information to create a significant perception of their surroundings.

Luxuries

Goods or services that are considered non-essential but desirable and are often associated with high quality and a high price.