The Present Value of a Future Payment to Be Received

question 73

Multiple Choice

The present value of a future payment to be received in three years is $1,000.If the interest rate is 5%,what is the amount that will be paid in three years?

• A)$1,150.00
• B)$1,157.63
• C)$1,215.51
• D)$1,250.00

---

Definitions:

Interpersonal

Relating to interactions between individuals, often emphasizing the significance of social connections and relationships in various contexts.

Transcendence

Going beyond ordinary limits; surpassing or exceeding usual boundaries, often in a spiritual or philosophical sense.

Self-Transcendence Theory

A concept in nursing and psychology that suggests individuals can achieve a higher state of consciousness by surpassing their current limitations or circumstances.

Self-Transcendence

The process of transcending beyond the self or personal concerns, often associated with experiences of connectedness, spirituality, or reaching beyond one's limits.