You Are to Receive $12,000 at the End of 5

question 97

Multiple Choice

You are to receive $12,000 at the end of 5 years.The available yield on investments is 6%.Which table would you use to determine the value of that sum today?

• A) Present value of an annuity of $1
• B) Future value of an annuity
• C) Present value of $1
• D) Compound sum of $1

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Definitions:

Test Category

A classification or grouping of tests based on specific criteria, such as domain assessed (e.g., cognitive, personality), purpose (e.g., diagnostic, educational), or methodology.

Keynotes Music Evaluation

An assessment or review process focusing on the quality, performance, or value of musical pieces or talents. (Considering "Keynotes Music Evaluation" may not be a widely recognized standard term, this is a hypothetical definition.)

Test Category

A classification or grouping of tests based on common characteristics, such as subject matter or purpose.

Differential Aptitude Test

A standardized test designed to assess specific types of skill or ability for career development purposes.