The Present Value of $1,000 Received at the End of Year

question 131

Multiple Choice

The present value of $1,000 received at the end of year 1, $1,200 received at the end of year 2, and$1,300 received at the end of year 3, assuming an opportunity cost of 7 percent, is________ .

• A) $2,500
• B) $6,516
• C) $2,856
• D) $3,043

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Definitions:

Plasticity

The brain's ability to modify and adjust its structure and functions based on new experiences, education, or after sustaining damage.

Resilience

The ability to withstand or recover quickly from difficult conditions or to successfully adapt to adversity.

Sensitive Periods

Times in development when a person is particularly open to certain kinds of experiences.

Plasticity

The capability of the brain to transform and evolve due to experiences, educational inputs, or following a trauma.