The Present Value of $60,000 to Be Received in One

question 158

Multiple Choice

The present value of $60,000 to be received in one year, at 6% compounded annually, is (rounded to nearest dollar)

• A) $56,604
• B) $63,396
• C) $60,000
• D) $3,396

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Definitions:

Death

The cessation of all biological functions that sustain a living organism, marking the end of life.

Legacy Work

Involves activities that allow individuals to reflect on their lives, share stories, and create memories that can be passed on to others, often used in palliative care or with seniors.

Mortality

The state of being mortal or susceptible to death; it can also refer to the incidence of death in a population.

Anxiety

A feeling of worry, nervousness, or unease typically about an imminent event or something with an uncertain outcome.