Which of the Following Has a Present Value of $100

question 136

Multiple Choice

Which of the following has a present value of $100?

• A)$109.12 in two years when the interest rate is 4 percent
• B)$113.98 in two years when the interest rate is 6 percent
• C)$116.64 in two years when the interest rate is 8 percent
• D)$123.17 in two years when the interest rate is 10 percent

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Definitions:

Ceremony

A formal event or occasion, typically one celebrating a particular achievement or anniversary.

Disappointment

The feeling of dissatisfaction that arises from a gap between expectations and the actual performance or outcome of a product or service.

Performance

The action or process of carrying out or accomplishing an action, task, or function.

Characteristic

An attribute or quality defining or distinguishing a person, place, or thing, often used to describe specific features or traits.