If the Interest Rate Is 2

question 33

Multiple Choice

If the interest rate is 2.49 percent,then what is the present value of $5,000 to be received in 4 years?

• A)$4,531.52
• B)$4,878.52
• C)$5,124.50
• D)$5,516.91

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Definitions:

Full-Service

Offering a complete range of services to meet all customer needs in a particular area, without requiring them to go elsewhere.

Merchant Wholesalers

Independently owned firms that take title to the merchandise they handle.

Take Title

The act of taking legal ownership of a particular piece of property or goods.

Merchant Wholesaler

An entity involved in buying goods in bulk from producers and selling them, usually in smaller quantities, to retailers or other businesses, but not to end consumers.