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You Have a Choice Among Three Options

question 38

Multiple Choice

You have a choice among three options.Option 1: receive R900 immediately.Option 2: receive R1 200 one year from now.Option 3: receive R2 000 five years from now.The interest rate is 15% per year.Rank these three options from highest present value to lowest present value.


Definitions:

Level of Education

Refers to the highest degree of formal education or training that an individual has completed.

Phenotype

The observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.

Genotype

The genetic makeup of an organism, consisting of the alleles inherited from both parents, which determines inherited characteristics.

Sociobiology

A field of scientific study that examines social behavior from an evolutionary perspective, aiming to understand how biology and evolution influence social behavior in animals, including humans.

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