The Present Value of $100 to Be Received One Year

question 61

Multiple Choice

The present value of $100 to be received one year from now, with an annual interest rate of 8 percent, is

• A) $94.34.
• B) $85.73.
• C) $92.59.
• D) $102.13.
• E) $108.00

---

Definitions:

Sensory Adaptation

The process by which sensory receptors change their sensitivity to a stimulus over time, often leading to diminished sensitivity to a constant stimulus.

Perceptual Invariance

The cognitive ability to recognize objects as being the same under different conditions, such as changes in lighting, angle, or context.

Perceptual Assimilation

The process by which new information is interpreted and integrated into existing cognitive schemas.

Just Noticeable Differences

The smallest difference in stimulation that can be reliably detected by an observer, essentially the threshold at which a change in sensory input is perceptible.