The Present Value of $10000 to Be Received in 5

question 66

Multiple Choice

The present value of $10000 to be received in 5 years will be smaller if the discount rate is

• A) increased.
• B) decreased.
• C) not changed.
• D) equal to the stated rate of interest.

---

Definitions:

Personal Resources

Refers to the personal strengths and assets at an individual's disposal, including mental, emotional, physical, and financial resources.

Social Support Network

A social support network consists of family, friends, and peers who provide emotional, informational, and practical support during times of need.

Older Americans

A demographic term referring to individuals in the United States generally aged 65 years and older.

Institutions

Structures or mechanisms of social order and cooperation governing the behavior of a set of individuals within a given human colony.