If the Interest Rate Is 10%, the Present Value of $1

question 9

Multiple Choice

If the interest rate is 10%, the present value of $1 next year is:

• A) $1.20.
• B) $1.10.
• C) 91 cents.
• D) 10 cents.
• E) 9 cents.

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Definitions:

Finger Muscles

Muscles in the fingers that are primarily responsible for controlling movement and providing the ability to grip and manipulate objects.

Sodium Ions

Positively charged atoms of sodium, essential for cellular functions, including the generation and transmission of nerve impulses and the regulation of fluid balance in the body.

Neurotransmitters

Chemical substances in the body that help in transmitting signals across a synapse from one neuron to another.

Synaptic Cleft

A narrow gap between the terminal end of a neuron and the neighbouring neuron or cell, across which neurotransmitters are released for communication.