Determine the Present Value on January 17, 2014 of a Non-Interest-Bearing

question 81

Essay

Determine the present value on January 17, 2014 of a non-interest-bearing promissory six-month note for $17 000.00 dated October 15, 2013 if money is worth 4.15%.

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Definitions:

Air-fluidized

A technology used in medical beds where warm air is passed through very small beads, creating a fluid-like surface which reduces pressure on the skin, used for patients with skin integrity issues.

Elastic Bandage

A stretchable bandage used to create localized pressure, support injured body parts, or control swelling.

Negative-pressure Wound Therapy

A therapeutic technique using a vacuum dressing to promote healing in acute or chronic wounds, and enhance healing of second and third degree burns.

Moist-to-dry Dressing

A wound care technique involving the application of a moist dressing that is allowed to dry before removal, aiding in the removal of dead tissue.