How Much Would $20,000 Due in 50 Years Be Worth

question 163

Multiple Choice

How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?

• A) $438.03
• B) $461.08
• C) $485.35
• D) $510.89
• E) $537.78

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Definitions:

Economic Crisis

A situation characterized by severe instability in the economy of a country or globally, leading to financial hardship and social problems.

Durkheim

Émile Durkheim, a French sociologist, formally established the academic discipline of sociology and is best known for his theory of social integration and his studies of social cohesion and collective conscience.

Color Line

A term that describes the division of race and the systemic inequalities and segregation between white and non-white people, originally focusing on the division between blacks and whites.

W. E. B. DuBois

An influential African-American sociologist, historian, and civil rights activist known for his contributions to the understanding of the African-American experience and the fight for equality.