A Single Amount of $10,500 Is to Be Received in 3

question 21

Multiple Choice

A single amount of $10,500 is to be received in 3 years.If the single amount is discounted at 8% for 3 periods,the present value is ________.The present value of $1 for 3 periods at 8% is 0.794.The present value of an ordinary annuity of $1 for 3 periods at 8% is 2.577.(Round your final answer to the nearest dollar. )

• A)$8,316
• B)$10,500
• C)$8,337
• D)$27,059

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Definitions:

F Distribution

A probability distribution used in analysis of variance (ANOVA), particularly in the context of comparing variances across different groups.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, often reflecting the number of independent pieces of information.

Variance

A statistical measure of the spread between numbers in a dataset, indicating how much the elements differ from the mean.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution without violating any constraints.