What Is the Present Value of a $600 Payment in One

question 45

Multiple Choice

What is the present value of a $600 payment in one year when the discount rate is 8 percent?

• A) $498.61
• B) $525.87
• C) $555.56
• D) $575.09

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Definitions:

Industrial-Organizational Psychologists

Professionals focused on improving workplace efficiency, employee productivity, and job satisfaction through the application of psychological principles.

Emotional Disorders

A category of mental health issues primarily characterized by significant disturbances in a person's emotional state.

Incentives

Motivators or rewards that encourage specific behaviors or actions.

Industrial/Organizational Psychologist

A type of psychologist who applies psychological theories and principles to organizations and workplace environments to improve productivity, health, and the quality of work life.