The Present Value of $5,000 to Be Received Each Year

question 28

Multiple Choice

The present value of $5,000 to be received each year for five years and earning an 8 percent return (rounded) is

• A) $19,965.
• B) $20,098.
• C) $22,270.
• D) $31,080.

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Definitions:

Technological Innovation

The introduction of new technologies or the improvement of existing technologies to create new products, services, or processes.

Cloud Source LLC

Assuming it’s a real entity, it would refer to a company specializing in providing cloud-based solutions and services. If not, then NO.

Distribution Inc.

A fictitious or placeholder name that typically refers to a company specializing in the supply or dissemination of goods or services.

Rationalization

The process of providing a reasonable or logical basis for something, often as a means of justifying actions or decisions.