The Present Value of $10,000 to Be Received Each Year

question 12

Multiple Choice

The present value of $10,000 to be received each year for ten years and earning a 14 percent return (rounded) is

• A)$11,600.
• B)$26,000.
• C)$52,160.
• D)$52,436.

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Definitions:

Proposition

A statement or assertion that expresses a judgment or opinion that can be either true or false.

Statement

An expression or assertion that something is the case, typically presented in declarative form.

Way

A method, style, or manner of doing something; a direction or path.

Proposition

A declarative sentence that can be evaluated as true or false and forms the basic unit of meaning in logic and philosophy.