Given an Annual Interest Rate of 12 Percent, What Is

question 105

Multiple Choice

Given an annual interest rate of 12 percent, what is the present value of receiving $1,000 in 20 years?

• A)$890.45
• B)$112.16
• C)$850.23
• D)$103.67

---

Definitions:

Personalism

Behaviour that appears to be directly intended to benefit or harm oneself rather than others.

Causal Schemata

Experience-based beliefs about how certain types of causes interact to produce an effect.

Internal Cause

An explanation for behavior or events that attributes their origin to factors within the person, such as traits, feelings, or abilities.

Emotional Lability

The tendency to experience rapid and intense emotional changes or mood swings, with emotions that might not be proportionate to the situation.