What Amount of Cash Would Result at the End of One

question 166

Multiple Choice

What amount of cash would result at the end of one year, if $22,000 is invested today and the rate of return is 9%? (PV of $1and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest dollar.)

• A) $23,980
• B) $22,000
• C) $23,760
• D) $20,020

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Definitions:

Short-Term Memory

The potential to maintain a small volume of data in an immediately available and active status for a limited time.

Maintaining Information

The process of retaining information in the memory system over time, crucial for learning and recall.

Semantic Cue

A hint or signal in communication that relies on the meaning of words or phrases to aid understanding or memory.

Tip-Of-The-Tongue

A psychological phenomenon where a person is unable to recall a familiar word or name but has a strong feeling that they are on the verge of remembering it.