What Is the Present Value of $100 Three Years from Now

question 353

Multiple Choice

What is the present value of $100 three years from now at an interest rate of 6%?

• A) $83.96
• B) $82
• C) $94.34
• D) $119.10

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Definitions:

Uniformly Distributed

Describes a distribution where all outcomes are equally likely across the distribution's range.

Travel Time

The duration required to move from one location to another, which can vary based on mode of transport and conditions.

College Student

An individual enrolled in an institution of higher education to pursue an academic degree or certificate.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, calculated as the square root of the variance.