Using the Following Partial Table of Present Value of $1

question 14

Multiple Choice

Using the following partial table of present value of $1 at compound interest, the present value of $15,000 to be received three years hence with earnings at the rate of 6% a year is

• A) $12,600
• B) $11,880
• C) $13,350
• D) $11,265

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Definitions:

Accept

To receive willingly something that is offered or to acknowledge an event or situation as true.

Self-Assessment

Recognition of the need to learn new tasks and subjects, relate more effectively with others, set goals, manage time and stress, and create a balanced and productive life.

Visualization And Affirmation

Techniques used to create mental images and positive statements to reinforce goals or desired outcomes, often used in personal development and motivation.

Critical Thinking

The process of objectively analyzing and evaluating an issue in order to form a judgment.