Below Is a Table for the Present Value of $1

question 125

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 $8,000 (rounded to the nearest dollar) to be received one year from today, assuming an earnings rate of 12%?

• A) $7,544
• B) $7,120
• C) $7,272
• D) $7,144

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Definitions:

Constructors

Special methods in a class that are called when an object of that class is created, initializing the object.

Init Method

A function in object-oriented programming used to initialize newly created objects.

ImageIcon

A class in the Swing library of Java that encapsulates images used in applications, allowing for the manipulation and display of those images.

Horizontal Line

A straight line that runs from left to right parallel to the x-axis in a coordinate system.