Finding the Discounted Current Value of $1,000 to Be Received

question 17

Multiple Choice

Finding the discounted current value of $1,000 to be received at the end of each of the next 5 years requires calculating the ____.

• A) future value of an annuity
• B) future value of an annuity due
• C) present value of an annuity
• D) present value of an annuity due

---

Definitions:

Personal Intervention

Direct and personal involvement in attempting to alter a situation or outcome.

Morphogenesis

The biological process that causes an organism to develop its shape and structure.

System-enhancing Behaviors

Refers to actions taken by individuals or groups that improve or optimize the functionality and effectiveness of a system.

Cathexis

A psychoanalytic term that describes the process of investing mental or emotional energy in a person, object, or idea.