If the Interest Rate Is 7

question 140

Multiple Choice

If the interest rate is 7.5 percent,then what is the present value of $4,000 to be received in 6 years?

• A)$2,420.68
• B)$2,591.85
• C)$2,996.33
• D)$3,040.63

Understand the role of revenue and expense accounts in determining business profitability.

Recognize the importance of proper documentation and the timely recording of transactions.

Identify and classify accounts as real, personal, or nominal based on their nature.

Understand the purpose and methodologies of poverty science in alleviating poverty.

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Definitions:

Collectivism

A cultural or social perspective that emphasizes the importance of the group over the individual, promoting community and shared values.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high amounts of emotional expressiveness.

Social Diversity

The range of differences among individuals and groups in a society, including culture, ethnicity, economic status, gender, age, and beliefs.

Ethnic Diversity

The presence of a variety of cultural, ethnic, and racial groups within a community or society.