The Present Value of $300,000 Received in 12 Years at 4

question 14

Multiple Choice

The present value of $300,000 received in 12 years at 4 percent interest is approximately:

• A)$312,451.
• B)$187,379.
• C)$427,126.
• D)None of these are true.

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Definitions:

Piaget's Theory

A theory of cognitive development that explains how children construct a mental model of the world through experiences and stages of development.

Developmental Norms

Benchmarks or standards of development that describe typical progress and milestones for children at certain ages.

Psychological Counselling

A type of therapy aimed at addressing mental health issues by talking through problems with a trained therapist.

Developmental Delays

The condition in which a child does not reach their developmental milestones at the expected times.