Below Is a Table for the Present Value of $1

question 79

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 is the present value of $6,000 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 10%?

• A) $20,790
• B) $19,020
• C) $14,412
• D) $25,272

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Definitions:

Equation

A mathematical statement that asserts the equivalence of two expressions, typically consisting of variables and constants.

Purposes

The reasons or intentions behind actions or decisions, often outlining the objectives or goals.

Hypothesis Role

The function or purpose a hypothesis serves in an empirical study, typically as a presumptive statement to be tested.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.