Roy Is Going to Receive a Payment of $5,000 One

question 47

Multiple Choice

Roy is going to receive a payment of $5,000 one year from today. He earns an average of 6% on his investments. What is the present value of this payment?

• A) $4,821
• B) $5,000
• C) $4,717
• D) $5,300

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Definitions:

Oppose Globalization

To oppose globalization means to resist the process by which businesses or other organizations develop international influence or start operating on an international scale, often due to concerns such as cultural erosion, environmental damage, or economic inequality.

Foreign Aid

Financial, technical, or material assistance provided by one country to another, especially to help support development and address humanitarian needs.

Developing Countries

Nations with lower levels of industrialization, lower standards of living, and lower Human Development Index (HDI) scores compared to developed countries.

Economically Developed

Refers to countries that have a high level of economic growth and security through advanced technology, industry, and a high standard of living.