Using the Tables Above,what Would Be the Present Value of $8,000

question 88

Multiple Choice

Using the tables above,what would be the present value of $8,000 to be received 1 year from today,assuming an earnings rate of 12%?

• A) $7,544
• B) $7,120
• C) $7,272
• D) $7,144

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Definitions:

Cognitive Science

An interdisciplinary field drawing on research from cognitive psychology, computer science, philosophy, linguistics, neuroscience, and anthropology. The central issues addressed involve the nature of mind and cognition and how information is acquired, stored, and represented.

Psychoanalysis

is a set of psychological theories and therapeutic techniques related to the study of the unconscious mind, developed by Sigmund Freud.

Philosophy

The study of fundamental nature of knowledge, reality, and existence.

Representation

An act of depicting or symbolizing something, often through language or imagery.