The Present Value of $121,000 Expected One Year from Today

question 61

Multiple Choice

The present value of $121,000 expected one year from today at an interest rate (discount rate) of 10 percent per year is:

• A)$121,000.
• B)$100,000.
• C)$110,000.
• D)$108,900.

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Definitions:

Child Rearing Duties

Responsibilities involved in raising children and providing care, education, moral guidance, and physical support.

Full-Time Employment

A form of employment where individuals work a minimum number of hours defined by their employer as full-time.

Day Care Centers

Facilities that provide supervision and care of infants and young children during the daytime, allowing their parents or guardians to work or engage in other activities.

Social Development

The process by which individuals acquire skills, behaviors, and emotions that are considered desirable and appropriate by the society or community they live in.