A Single Amount of $6,400 Is to Be Received in 4

question 6

Multiple Choice

A single amount of $6,400 is to be received in 4 years.If the single amount is discounted at 8% for 4 periods,the present value is ________.The present value of $1 for 4 periods at 8% is 0.735.The present value of an ordinary annuity of $1 for 4 periods at 8% is 3.312.(Round your final answer to the nearest dollar. )

• A)$4,704
• B)$5,376
• C)$6,400
• D)$21,197

---

Definitions:

Biological Process

Complex interactions among molecules, cells, and organisms that fulfill essential life functions.

Day

The period of 24 hours from one midnight to the next, or the part of this period when it is light and which is distinguished from night.

SRY Gene

A gene on the Y chromosome responsible for initiating male sex determination in humans and most other mammals.

Master Gene

Gene encoding a product that affects the expression of many other genes.