The Present Value of $2,000 One Year in the Future

question 114

Multiple Choice

The present value of $2,000 one year in the future at a 6.5 percent interest rate is approximately

• A)$4,045
• B)$1,300.
• C)$2,130.
• D)$1,878.

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Definitions:

Character Flaws

Inherent weaknesses or imperfections in a person's character that may lead to negative outcomes or hinder personal development.

Deep-Seated

Firmly fixed or rooted; ingrained in the deepest part of a person's mind or nature.

Contracted

In general terms, it means entered into an agreement or reduced in size; in a medical context, it can refer to having caught or developed a disease.

Psychopathology

The study of psychological disorders, including their symptoms, causes, and treatment.