What's the Present Value of $1,700 Discounted Back 5 Years

question 147

Multiple Choice

What's the present value of $1,700 discounted back 5 years if the appropriate interest rate is 6%,compounded monthly?

• A) $1,298.14
• B) $1,260.33
• C) $1,335.95
• D) $1,411.57
• E) $1,398.97

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Definitions:

Lower Self-control

A lesser ability to regulate one's emotions, thoughts, and behaviors in order to achieve long-term goals.

Happiness

A state of well-being and contentment characterized by positive emotions ranging from satisfaction to intense joy.

Stress Response

The body's reaction to a challenge or demand, characterized by physiological and psychological changes aimed at adapting to stressors.

Rejection

The act of refusing to accept, consider, submit to, take for some purpose, or use.