Given an Annual Interest Rate of 3%,the Present Value of a Future

question 39

Multiple Choice

Given an annual interest rate of 3%,the present value of a future payment of $2 080 to be paid in 1 year is:

• A) $1 904.76.
• B) $2 000.00.
• C) $2 019.42.
• D) $2 080.00.

---

Definitions:

Sort

The process of arranging data in a specific order, often alphabetically or numerically, to improve readability or analysis.

AutoFit

A feature in spreadsheet and word processing software that automatically adjusts the width or height of a cell, column, or row to accommodate its contents.

Split Table

A database design technique used to improve performance and manageability by dividing a table into smaller, more manageable pieces.

Fixed Width

A term used to describe a specific layout or design setting where elements have a constant width, regardless of the surrounding content or screen size, often applied to fonts or table columns.