Below Is a Table for the Present Value of $1

question 60

Multiple Choice

Below is a table for the present value of $1 at Compound interest. Below is a table for the present value of an annuity of $1 at compound interest.
Using the tables above, what would be the present value of $15,000 (rounded to the nearest dollar) to be received four years from today, assuming an earnings rate of 10%?

• A) $11,250
• B) $10,245
• C) $3,750
• D) $47,550

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Definitions:

Predicted Values

The values estimated by a statistical model or equation based on the inputs of explanatory variables.

Explanatory Variables

Variables in a statistical model that are used to explain changes or variations in a response variable.

Regression Model

A statistical technique used to model and analyze the relationships between a dependent variable and one or more independent variables.

Pairwise Relationship

The type of analysis or comparison made between pairs of objects, observations, or data points to assess their significance or relation.