Which of the Following Is Correct If the Interest Rate

question 15

Multiple Choice

Which of the following is correct if the interest rate is 6 percent?

• A)$215 to be received a year from today has a present value of over $200;$420 a year from now has a present value over $400.
• B)$215 to be received a year from today has a present value of over $200;$420 a year from now has a present value under $400.
• C)$215 to be received a year from today has a present value of under $200;$420 a year from now has a present value over $400.
• D)$215 to be received a year from today has a present value of under $200;$420 a year from now has a present value under $400.

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Definitions:

Moved Away

The act of leaving a specific place or position to go to another location.

First Day

The initial day of a particular period or event.

Conclusion

A conclusion is a statement in an argument that logically follows from the premises offered in support of it; it's what the argument is trying to prove or establish.

Drywall

A building material used for making walls and ceilings, consisting of large flat sheets of gypsum board that is easy to install and paint.