Assume That You Have the Opportunity to Receive $9,000 at the End

question 16

Multiple Choice

Assume that you have the opportunity to receive $9,000 at the end of each of the next seven years. Given an interest rate of 7%, how much would you be willing to pay for this investment today? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.)

• A) $42,899
• B) $48,504
• C) $46,857
• D) $53,742

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Definitions:

Administrative Laws

Laws related to the activities of government administrative agencies, including rule making, adjudication, or the enforcement of a specific regulatory agenda.

Political Efficacy

The belief or confidence in one's ability to understand and influence political events.

Political Advocacy

The act of using strategic actions or lobbying to influence government policy or public opinion on specific political issues.

Political Ethics

The practice of making moral considerations about political action and political systems.