With a Nominal Interest Rate of 5% Per Year,the Present

question 49

Multiple Choice

With a nominal interest rate of 5% per year,the present discounted value of $100 to be received in 10 years is

• A)$50.00.
• B)$61.39.
• C)$95.24.
• D)$150.00.
• E) $163.89.

---

Definitions:

Authentic

Genuine or real; possessing an original or inherent character not reproduced or copied.

African-American Music

A broad term encompassing various music genres rooted in the African-American cultural experience, including blues, jazz, gospel, R&B, and hip-hop.

Barbara Ann Teer

An influential American actress, producer, and director, noted for her contribution to the advancement of Black theater in the United States.

Theater

A form of art and entertainment that involves live performances by actors portraying different characters on a stage.