If the Interest Rate Is 4

question 149

Multiple Choice

If the interest rate is 4.5 percent,what is the present value of a payment of $500 to be made one year from today?

• A)$457.14
• B)$468.02
• C)$478.47
• D)None of the above are correct to the nearest cent.

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Definitions:

Price-Fixing Agreement

An agreement between competitors to fix the prices of products or services at a certain level.

U.S. Antitrust Laws

Laws implemented in the United States to prevent anti-competitive practices, monopolies, and to promote fair competition.

U.S. Commerce

Refers to the buying, selling, and exchange of goods and services within the United States or between the United States and foreign entities.

Space Corporation

An organization that operates in the aerospace industry, involved in spacecraft design, manufacturing, or space exploration activities.