Use the Present Value Formula to Determine the Amount to Be

question 149

Multiple Choice

Use the present value formula to determine the amount to be invested now, or the present value needed.
-The desired accumulated amount is $3800 after 4 years invested in an account with 5% interest Compounded annually.

• A) $3282.58
• B) $673.73
• C) $4618.92
• D) $3126.27

---

Definitions:

Psychological Triad

The psychological triad refers to the interrelated components of human psychology: thoughts, feelings, and behaviors, which together form the foundation of psychological assessment and understanding.

Pigeonholing

Refers to categorizing or classifying people or things, often in an overly simplistic way.

Psychological Triad

This refers to the three major aspects of human psychology: thoughts, feelings, and behaviors.

Basic Approach

A fundamental strategy or method for undertaking research or solving a problem.