What Is the Value in Year 6 of a $9,000

question 58

Multiple Choice

What is the value in year 6 of a $9,000 cash flow made in year 14 if interest rates are 7 percent in years "4 through 9" and increase to 10 percent after that?

• A) $4,252.19
• B) $4,417.46
• C) $4,561.71
• D) $45,798.53

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Definitions:

Ellis

Refers to Albert Ellis, an American psychologist who developed Rational Emotive Behavior Therapy (REBT), a significant precursor to cognitive-behavioral therapies.

Transference

The process where emotions originally associated with one person are unconsciously shifted to another person in current relationships.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology.

Therapy

Treatment methods aimed at making people feel better and function more effectively.