The Present Discounted Value of R Dollars to Be Paid

question 32

Multiple Choice

The present discounted value of R dollars to be paid in t years is

• A) the future market value of receiving R dollars in t years.
• B) equal to R × t years.
• C) the amount you have to put aside now if you want to ensure that you end up with R dollars t years from now.
• D) the amount you will have to save in the future to allow you to consume R dollars today.

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Definitions:

Allport

Gordon Allport, a psychologist known for his theory of personality and his research on the psychology of prejudice.

Cardinal Trait

A personality attribute considered so dominant in an individual that it influences nearly all aspects of their behavior.

Gordon Allport

An influential psychologist known for his work on personality theory and the concept of personal traits.

Adolf Hitler

The leader of Nazi Germany from 1934 to 1945, known for his central role in the initiation of World War II and the Holocaust.