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:

Structures

Custom data types in C programming that allow different data types to be stored together.

Typedef Double REAL

A statement in C programming that creates an alias named REAL for the double data type, used for representing floating-point numbers.

Synonym

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Compiler Warning

A message from the compiler indicating potential issues in code that might not prevent the program from compiling.