If the Interest Rate Is 4 Percent, the Present Value

question 167

Multiple Choice

If the interest rate is 4 percent, the present value of $10,000 to be received two years from today is about

• A) $9,246.
• B) $9,615.
• C) $10,816.
• D) $10,400.

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Definitions:

Expression Of Emotions

The way individuals convey their feelings to others, through facial expressions, gestures, tone of voice, and other nonverbal signals.

Innate

Existing naturally or by heredity rather than being learned through experience.

Culturally Specific

Pertaining to or exclusively applicable within a certain culture or society, highlighting the role of cultural context in shaping behaviors, practices, and beliefs.

New Guinea

An island in the southwestern Pacific, divided into independent Papua New Guinea and Indonesia's provinces of Papua and West Papua.