Use the Following to Answer Questions

question 45

Multiple Choice

Use the following to answer questions
Present and future value tables of $1 at 3% are presented below:

-On January 1,2016,you are considering making an investment that will pay three annual payments of $10,000.The first payment is not expected until December 31,2018.You are eager to earn 3%.What is the present value of the investment on January 1,2016?

• A)$26,662.
• B)$27,462.
• C)$28,286.
• D)$29,135.

---

Definitions:

Metering Valve

A component in the braking system that regulates the pressure to the brakes, often used in rear to balance braking force.

Proportioning Valve

A valve in a vehicle's braking system that adjusts the pressure between the front and rear brakes, ensuring balanced braking.

Delay

A situation in which something happens later than planned or expected.

Lockup

A feature in automatic transmissions that locks the torque converter under certain conditions to improve fuel efficiency and reduce slippage.