You Have Been Promised a Payment of $400 in the Future.In

question 202

Multiple Choice

You have been promised a payment of $400 in the future.In which of the following cases is the present value of this payment the lowest?

• A)You receive the payment 4 years from now and the interest rate is 4 percent.
• B)You receive the payment 4 years from now and the interest rate is 5 percent.
• C)You receive the payment 5 years from now and the interest rate is 4 percent.
• D)You receive the payment 5 years from now and the interest rate is 5 percent.

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Definitions:

Constructors

Special methods in a class that are called when an object of that class is created, initializing the object.

Init Method

A function in object-oriented programming used to initialize newly created objects.

ImageIcon

A class in the Swing library of Java that encapsulates images used in applications, allowing for the manipulation and display of those images.

Horizontal Line

A straight line that runs from left to right parallel to the x-axis in a coordinate system.