Below Is a Table for the Present Value of $1

question 46

Multiple Choice

Below is a table for the present value of $1 at compound interest. Below is a table for the present value of an annuity of $1 at compound interest.
Using the tables above, what would be the present value of $8,000 to be received 1 year from today, assuming an earnings rate of 12%?

• A) $7,544
• B) $7,120
• C) $7,272
• D) $7,144

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Definitions:

Ideal Self

A person's conception of how they would like to be, embodying their aspirations and values.

Self-actualized Individuals

People who have achieved their fullest potential, realizing their capabilities, and expressing their true selves.

Personal Values

The set of principles or standards of behavior that are regarded as important by an individual, guiding their actions and judgments.

Maslow

A psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.