Below Is a Table for the Present Value of $1

question 12

Multiple Choice

Below is a table for the present value of $1 at Compound interest.
Below is a table for the present value of an annuity of $1 at compound interest.
Using the tables above, what would be the present value of $15,000 (rounded to the nearest dollar) to be received four years from today, assuming an earnings rate of 10%?

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Definitions:

Stratified Random Sampling

A sampling method that divides the population into subgroups or strata, and random samples are taken from each stratum to ensure representation.

Subgroups

Divisions or smaller groups formed within a larger group, often based on specific characteristics or criteria.

Style Of Questions

Refers to the manner in which questions are designed, including format, language, and structure, to gather specific types of responses.

Homogeneity

The degree of “sameness” in a population. Generally, the greater the homogeneity, the smaller the sample size required.