Which,if Any,of the Present Values Below Are Correctly Computed

question 155

Multiple Choice

Which,if any,of the present values below are correctly computed?

• A)A payment of $1,000 to be received one year from today,with a 8 percent interest rate,has a present value of $945.45.
• B)A payment of $1,000 to be received one year from today,with a 9 percent interest rate,has a present value of $911.11.
• C)A payment of $1,000 to be received one year from today,with a 10 percent interest rate,has a present value of $905.06.
• D)None of the above are correct to the nearest cent.

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Definitions:

Smooth Muscle

Involuntary, non-striated muscle found within the walls of organs and structures such as the esophagus, stomach, intestines, bronchi, uterus, urethra, bladder, and blood vessels.

Goblet Cells

Specialized epithelial cells found in the respiratory and intestinal tracts, known for their role in producing and secreting mucus.

Cartilage

A firm, flexible type of connective tissue found in various parts of the body, including the joints, ear, nose, and windpipe.

Ciliated

Ciliated refers to cells that have fine hair-like structures called cilia on their surface, which are involved in movement or the transport of materials over the cell surface.