At Which Interest Rate Is the Present Value of $79

question 79

Multiple Choice

At which interest rate is the present value of $79.50 one year from today equal to $75 today?

• A)4 percent
• B)5 percent
• C)6 percent
• D)7 percent

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Definitions:

Hostile work environment

A situation in which an employee experiences an offensive, intimidating, or oppressive atmosphere created by discriminatory harassment, affecting their ability to work.

Sexual harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.

Prima facie case

An established case proven by the facts until contradicted and overcome by other evidence.

Equal protection

A constitutional guarantee that no person or group will be denied the same protection of the laws that is enjoyed by other similarly situated individuals.