What Is the Value Today of Receiving $5,000 at the End

question 43

Multiple Choice

What is the value today of receiving $5,000 at the end of six years,assuming an interest rate of 8% compounded semiannually?

• A)$3,151.
• B)$3,203.
• C)$3,428.
• D)$3,123.

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Definitions:

Demographics

Statistical data relating to the population and particular groups within it, often used for market research.

Beachhead Market

An initial target market a company focuses on penetrating with its product or service as a strategy for establishing a strong presence.

Early Majority

A category of individuals in the diffusion of innovations theory who adopt new technology or ideas after the innovators and early adopters.

Innovators

People or companies that introduce new ideas, products, or methods, often driving change and progress in their industry.