Assume the Current Interest Rate Is 25

question 178

Multiple Choice

Assume the current interest rate is 25%. The present value of $2,000 to be received in one year would be

• A) $1,000.
• B) $1,200.
• C) $1,600.
• D) $1,800.

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Definitions:

Emile Durkheim

A French sociologist who significantly contributed to the establishment of sociology as a discipline, known for his studies on social solidarity and the division of labor.

Social Cohesion

Refers to the strength of relationships and the sense of solidarity among members of a community, contributing to its unity and mutual support.

Social Solidarity

The feelings of fellowship and unity among members of a society, which bind people together and facilitate cooperation and support.

Beliefs and Values

Fundamental convictions and principles that guide behavior, shape perspectives, and inform ethical and moral judgments.