James Offers You $1,000 Today or $X in 7 Years

question 5

Multiple Choice

James offers you $1,000 today or $X in 7 years.If the interest rate is 4.5 percent,then you would prefer to take the $1,000 today if and only if

• A)X < 1,045.00.
• B)X < 1,188.89.
• C)X < 1,266.67.
• D)X < 1,360.86.

---

Definitions:

Criterion Data

Refers to specific information or sets of information that are used to evaluate or assess performance, outcomes, or characteristics.

Selection Tool

Instruments or techniques used by organizations to evaluate and choose the best candidates for a job.

Work Behaviour

Describes the actions and attitudes of individuals and groups within a workplace, influencing productivity, efficiency, and workplace culture.