The Present Value of $100 to Be Received in a Year

question 144

Multiple Choice

The present value of $100 to be received in a year is

• A) less than $100 and falls as the interest rate rises.
• B) less than $100 and rises as the interest rate rises.
• C) more than $100 and falls as the interest rate rises.
• D) more than $100 and rises as the interest rate rises.

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Definitions:

Elderly

Individuals over the age of 65.

Kyphosis

A deformity of the spine characterized by a bent-over position; more commonly called humpback.

Bone Density

A measure of the amount of minerals (mainly calcium and phosphorous) contained in a certain volume of bone, reflecting its strength and risk for fracture.

"Humpback"

A colloquial term for Kyphosis, a condition characterized by an excessive outward curve of the spine, leading to a hunched posture.