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.

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Definitions:

Temporal-Based Suggestion

Recommendations or advice given that are influenced by or specifically relevant to time-based factors or periods.

Implies

Suggests or indicates something without expressing it directly, often used to convey underlying meanings or intentions.

Logical Reasoning

The process of using a rational, systematic series of steps based on sound mathematical procedures and given statements to arrive at a conclusion.

Presentation Constructed

A prepared display or lecture aimed at informing or persuading an audience, meticulously organized beforehand.