Assuming the Interest Rate Is 5 Percent,which of the Following

question 66

Multiple Choice

Assuming the interest rate is 5 percent,which of the following has the greatest present value?

• A)$240 paid in three years
• B)$225 paid in two years
• C)$210 paid in one year
• D)$200 today

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Definitions:

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A measurement of distance in the metric system that equals 1,000 meters, frequently used to gauge the space between different geographic points.

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The measure of the extent to which data values in a dataset vary between its maximum and minimum values.

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Quantitative measures intended to evaluate the knowledge, skills, aptitudes, or classifications of individuals or groups in various subjects or areas.