How Much Do Fingerprint Readers Typically Cost

question 18

Multiple Choice

How much do fingerprint readers typically cost?

• A)less than $10
• B)less than $100
• C)between $250 and $500
• D)more than $1000

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows, given a specified rate of return.

Compound Interest

The addition of interest to the principal sum of a loan or deposit, where the interest that has been added also earns interest.

Equal Payments

A repayment structure where payments are the same amount each period, as seen in some loans and mortgages.

Annuity Due

An annuity whose payments are made at the beginning of each period.