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You Have a Choice Among Three Options

question 97

Multiple Choice

You have a choice among three options. Option 1: receive $900 immediately. Option 2: receive $1,200 one year from now. Option 3: receive $2,000 five years from now. The interest rate is 15 percent. Rank these three options from highest present value to lowest present value.


Definitions:

Canalization

A concept in developmental biology and psychology referring to the ability of an organism to produce the same phenotype regardless of variability in its environment or genotype.

Human Faces

The front part of a person's head, including the eyes, nose, mouth, and expression, important for identity and emotional communication.

Infants

Very young children or babies, typically under one year of age.

Eyes

Organs of the visual system in humans and many animals, responsible for the ability to receive and process visual details, leading to sight.

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