If the Current Rate of Interest Is 8%, Then the Present

question 14

Multiple Choice

If the current rate of interest is 8%, then the present value (PV) of an investment that pays $1000 peryear and lasts 20 years is closest to:

• A) $20,000
• B) $45,761
• C) $9818
• D) $18,519

---

Definitions:

Cultural Perspective

A viewpoint that acknowledges how an individual’s beliefs, values, and practices are shaped by their culture, and how this influences their understanding of the world.

Spiritual Needs

The aspects of life and human existence that relate to one's sense of purpose, beliefs, and connection to others and the universe, often becoming important during health care.

Superhuman Power

Abilities or strengths greatly exceeding that of a normal human, often featured in science fiction and fantasy.

Divine

Pertaining to or involving a god; often associated with religious, sacred, or supernatural aspects.