Using the Following Partial Table of Present Value of $1

question 34

Multiple Choice

Using the following partial table of present value of $1 at compound interest, the present value of $15,000 to be received 3 years hence with earnings at the rate of 6% a year is

• A) $12,600
• B) $11,880
• C) $13,350
• D) $11,265

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Definitions:

Behavioral Style

An individual's characteristic pattern of behavior, emotional response, and way of interacting with the environment and others.

Novelty

The quality of being new, original, or unusual.

Mixed Reactions

Varied responses among a group of people, demonstrating a range of emotions or opinions.

Slow-To-Warm-Up

This term describes a temperament in children who tend to be cautious in new situations or with unfamiliar people, taking longer to adapt but eventually becoming comfortable.