If a Payment Received Two Years from Now Has a Present

question 131

Multiple Choice

If a payment received two years from now has a present value of $200 and the annual interest rate on the payment is 5 percent, then the future value of the payment is:

• A)$171.50.
• B)$190.50.
• C)$210.50.
• D)$220.50.

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Definitions:

Self-Cognitive Perspective

An approach in psychology that emphasizes the role of cognitive processes in understanding the self, including thoughts, beliefs, and attitudes towards oneself.

Personal Helplessness

A state in which an individual feels they lack control over situations and outcomes in their life, often leading to decreased motivation and depression.

Internal Locus

A psychological term referring to individuals who believe that they have control over the outcomes of their actions and the events in their lives.

Reciprocal Determinism

A concept in psychology where a person's behavior both influences and is influenced by personal factors and the social environment.