Using the Following Partial Table of Present Value of $1

question 53

Multiple Choice

Using the following partial table of present value of $1 at compound interest, determine the present value of $30,000 to be received three years hence, with earnings at the rate of 12% a year:

• A) $14,240
• B) $16,800
• C) $21,360
• D) $15,840

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Definitions:

Dependent

In a research context, the dependent variable is the one being tested and measured, often to see how it is influenced by changes in an independent variable.

Office Cubicles

Semi-private working spaces divided by partitions, commonly used in offices to provide employees with a personal workspace.

Small-team Interactions

Dynamics and communication processes within small groups, focusing on collaboration, decision-making, and problem-solving in a close-knit setting.

Fewer Meetings

The practice or objective of reducing the number of formal gatherings or assemblies, often to increase efficiency or productivity.