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You have received a settlement offer from an automobile manufacturer due to mechanical problems with your automobile.The manufacturer will pay you $49,000 in one lump sum five years from now.You can earn 6% on your investments.The present value of $1 for 5 periods at 6% is 0.747.The present value of an ordinary annuity of $1 for 5 periods at 6% is 4.212.The present value of the manufacturer's settlement offer is closest to:
Three-dimensional Image
An image that possesses the depth, height, and width dimensions, providing a representation of objects in three dimensions.
Natural Selection
The concept that holds that adaptive genetic variations among members of a species enable individuals with those variations to survive and reproduce.
Genetic Variations
Differences in DNA sequences among individuals, which contribute to the uniqueness of each person's physical and behavioral characteristics.
Adaptive Genetic
Genetic changes that enhance the survival and reproduction of organisms in their environment.
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