Find the Present Value of $57,939 Due in 6 Year(s)

question 138

Multiple Choice

Find the present value of $57,939 due in 6 year(s) at an interest rate of 9% / year compounded continuously. Round your answer to the nearest integer.

• A) $34,547
• B) $33,766
• C) $34,165
• D) $33,764

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Definitions:

African-American Vote

The participation of African-American citizens in the electoral process, which was significantly impacted by the Voting Rights Act of 1965, removing barriers to voting.

Northern States

Refers to the states located in the northern part of the United States, often in the context of historical divisions, such as during the Civil War when they opposed the Confederate South.

Progressive Vote

The concept of a Progressive Vote refers to the electoral support given to candidates or policies that advocate for reforms aimed at addressing social injustices, economic inequalities, and promoting environmental protection.

National Security

Refers to the safety and defense of a nation's sovereignty, territory, and citizens from external and internal threats.