What Is the Present Value of a Payment of $1,000

question 188

Multiple Choice

What is the present value of a payment of $1,000 two years from now if the interest rate is 6%?

• A)$2,000/1.06
• B)$1000/(1.06)²
• C)$1000/(1 + 0.06²)
• D)None of the above are correct.

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Definitions:

Bones Together

Refers generally to joints, the physical points of connection between two or more bones in the body, allowing for movement and support.

Type Of Fracture

A classification that describes the nature and characteristics of a broken bone, such as its location, alignment, and extent of damage.

Twisting Action

Rotational or torque movement typically applied to objects or components, often evaluated in physical activities or mechanical settings.

Spiral

A curve that winds around a central point, getting progressively farther away as it revolves around the point.