If the Current Rate of Interest Is 8%,then the Future

question 63

Multiple Choice

If the current rate of interest is 8%,then the future value 20 years from now of an investment that pays $1000 per year and lasts 20 years is closest to:

• A)$45,762.
• B)$36,725.
• C)$9818.
• D)$93,219.

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Definitions:

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions—to oneself and others and to understand that others have beliefs, desires, and intentions that are different from one's own.

Autobiographical Memory

refers to an individual's memory of events and experiences from their own life, forming a personal history.

Memory Capacity

The amount of information that an individual can store in their memory system over short-term or long-term periods.

Preconventional Morality

A stage in Kohlberg's theory of moral development where moral reasoning is based on external rewards and punishments rather than internal values or social rules.