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:

Historically Accumulated

Pertains to knowledge, traditions, or characteristics gathered and developed over long periods of time.

Critical Race Theory

An intellectual movement and framework that examines society and culture as they relate to categorizations of race, law, and power.

Race

A social construct that categorizes human populations based on physical characteristics such as skin color, facial features, and hair texture.

Racialize

The process by which certain groups are classified or categorized based on perceived racial characteristics.