What Will Be the Value of DiscountRate After the Following

question 26

Multiple Choice

What will be the value of discountRate after the following statements are executed?
double discountRate = 0.0;
Int purchase = 100;
If (purchase > 1000)
DiscountRate = 0.05;
Else if (purchase > 750)
DiscountRate = 0.03;
Else if (purchase > 500)
DiscountRate = 0.01;

• A) 0.0
• B) 0.05
• C) 0.03
• D) 0.01

Assess the reliability and validity concerns associated with different types of tests.

Understand the criticisms and defenses of achievement and cognitive ability testing.

Describe the impact of federal laws such as the No Child Left Behind Act on educational testing and accountability.

Recognize the characteristics of cognitive ability tests and their role in educational assessment.

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Definitions:

Discounting

The process of determining the present value of future cash flows by applying a discount rate.

Compounding

The process in which the value of an investment increases because the earnings on an investment, both capital, and interest, earn interest as time passes.

Simple Interest

Interest calculated only on the principal amount of a loan or deposit, without compounding.

Note Payable

A formal written agreement to pay a specified amount of money, including interest, by a certain date, recorded as a liability on the balance sheet.