If the Interest Rate Is 8 Percent,then the Present Discounted

question 13

Multiple Choice

If the interest rate is 8 percent,then the present discounted value of $100 to be received two years from now is closest to

• A)$128.00.
• B)$116.00.
• C)$86.00.
• D)$96.00.

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Definitions:

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A mathematical statement that includes numbers, operations, and sometimes variables, but does not contain an equality or inequality sign.

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A specific, named integer that has been allocated for a particular purpose or identified in a particular context.

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A decimal system of measurement based on the meter, liter, and gram as units of length, volume, and weight or mass, respectively.

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