Which of the Following Is the Correct Expression for Finding

question 39

Multiple Choice

Which of the following is the correct expression for finding the present value of a $1,000 payment one year from today if the interest rate is 6 percent?

• A)$1,000 (1.06)
• B)$1,000^(1.06)
• C)$1,000/(1.06)
• D)None of the above is correct.

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Definitions:

E. B. Titchener

A psychologist known for developing structuralism, an early school of psychology that aimed to understand the structure of the mind through introspection.

Wilhelm Wundt

A German physiologist and psychologist who is considered one of the founders of modern psychology; he established the first psychology laboratory in Leipzig, Germany.

Scholarly Journal

A periodical publication that contains articles and research findings written by experts in a specific academic field.

Wilhelm Wundt

A German physician, physiologist, and philosopher, widely regarded as the father of experimental psychology.