Use This Information to Answer the Following Question

question 136

Multiple Choice

Use this information to answer the following question.
-What is the present value of receiving $800 at the end of each year for three years,assuming an APR of 7 percent?

• A)$652.80
• B)$1,952.40
• C)$2,099.20
• D)$2,244.00

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Definitions:

Separate Legal Entity

A business structure that is legally considered an independent entity separate from its owners, such as a corporation or LLP.

Limited Partnership

A partnership with general and limited partners.

Limited Liability

A legal structure that protects a company's owners or investors from being personally liable for the company's debts or liabilities beyond their investment in the company.

Partners

Individuals who share ownership of a business entity and are mutually obligated to the entity's liabilities and operational decisions.