Find the Present Value of $50,000 Due in 3 Year(s)

question 211

Multiple Choice

Find the present value of $50,000 due in 3 year(s) at the given rate of interest. 5% / year compounded monthly __________
9% / year compounded daily __________

• A) $43,049, $38,170
• B) $43,049, $58,074
• C) $38,170, $58,074
• D) $43,049, $65,496

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Definitions:

Purposive

Having or serving a purpose; intentional or goal-oriented in nature.

Supernormal Stimulus

An exaggerated artificial stimulus that elicits a stronger response than the natural stimulus for which an organism is programmed.

Early Instinct Theories

Theories proposing that behaviors are primarily driven by innate instincts, focusing on the innate, biological determinants of behavior.

Genetic Programs

The predetermined sequences of development and behavior encoded in an organism's DNA.