What Is the Present Value of $150 Received at the Beginning

question 14

Multiple Choice

What is the present value of $150 received at the beginning of each year for 16 years? The first payment is received today. Use a discount rate of 9%, and round your answer to the nearest $10.

• A) $1,360
• B) $1,480
• C) $1,250
• D) $1,210

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Definitions:

Radical Cation

A positively charged ion that contains at least one unpaired electron, making it highly reactive.

IR Spectrum

A graph representing the infrared light absorption of a molecule, used to identify molecular structure and functional groups.

IR Spectroscopy

A technique used in chemistry to identify molecular structures by measuring the absorption of different frequencies of infrared light, providing information about functional groups present.

IR Absorption

A phenomenon where molecules absorb infrared radiation at specific wavelengths, corresponding to vibrations of their chemical bonds; used in spectroscopy for molecule identification.