Find the Present Value of $10,000 Due in 3 Years

question 179

Multiple Choice

Find the present value of $10,000 due in 3 years at the rate of interest 2%/year compounded quarterly. Round your answers to two decimal places. ​

• A) The present value is $9,213.91.
• B) The present value is $9,394.05.
• C) The present value is $9,293.84.
• D) The present value is $9,518.42.
• E) The present value is $9,419.05.

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Definitions:

Acetylcholines

Naturally occurring neurotransmitters in the body that play a key role in transmitting nerve impulses across synapses.

Somatic Nervous System

A part of the peripheral nervous system that controls voluntary movements of the body.

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for rest and digestion, it conserves energy and relaxes the body after periods of stress.

Sympathetic Nervous System

A branch of the autonomic nervous system that activates the body's 'fight or flight' response.