If the Interest Rate Is 3 Percent,the Present Value of $900

question 76

Multiple Choice

If the interest rate is 3 percent,the present value of $900 received at the end of four years is:

• A) $792.00.
• B) $799.64.
• C) $873.79.
• D) $927.40.

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Definitions:

Diplomacy

The conduct by government officials of negotiations and other relations between nations, often involving the exchange of ambassadors and the use of peaceful negotiations.

Private Sector

The part of the economy that is run by individuals and companies for profit, as opposed to the public sector, which is managed by the government.

Regulatory Agency

A government body responsible for directing and enforcing specific regulations to ensure that standards and laws are followed within specific industries or sectors.

Restrictions

Limitations or constraints placed on activities, behaviors, or movements.