The Present Discounted Value of $60,000 to Be Received at the End

question 91

Multiple Choice

The present discounted value of $60,000 to be received at the end of three years when the interest rate is 10 percent is closest to

• A)$45,079.
• B)$49,587.
• C)$60,000.

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Definitions:

Integration

The process of combining parts into a whole, especially in the context of social and cultural groups within a society.

Working Memory

A newer understanding of short-term memory that focuses on conscious, active processing of incoming auditory and visual-spatial information, and of information retrieved from long-term memory.

Long-Term Memory

The phase of memory capable of storing information for an extended period, from hours to a lifetime.

Automatic Processing

Mental activities that occur without conscious awareness or effort, such as habituated tasks or recognized patterns.