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:

Anxiety Disorder

A group of mental disorders characterized by significant feelings of anxiety and fear, impacting daily functioning.

Avoidant Personality Disorder

Avoidant personality disorder is characterized by a pervasive pattern of social inhibition, feelings of inadequacy, and extreme sensitivity to negative evaluation.

Fear of Rejection

A common psychological condition where individuals experience intense apprehension or anxiety about being refused, dismissed, or deemed unworthy by others.

Criticism

The act of expressing disapproval and noting the problems or faults in something or someone.