If the Annual Rate of Interest Is 6%,the Present Value

question 89

Multiple Choice

If the annual rate of interest is 6%,the present value of $100 to be paid every year for three years (beginning one year from now) is

• A)$83.90.
• B)$251.88.
• C)$267.30.
• D)$283.02.
• E)$300.00.

---

Definitions:

Socio-emotional Development

The process of developing the ability to understand, manage, and express the social and emotional aspects of one's life.

Physical Development

The biological progression of bodily growth and increase in size, motor skills, and coordination from infancy through adulthood.

Adolescent

Refers to an individual in the transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.

Cognitive Developmental

The study of how thinking, problem solving, and intelligence evolve as people age, from infancy through adulthood.