What Is the Present Value of $1000 to Be Received

question 48

Multiple Choice

What is the present value of $1000 to be received ten years from today,assuming an interest rate of nine percent per annum?

• A)$402
• B)$488
• C)$470
• D)$422

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Definitions:

High Agreeableness

A personality trait characterized by warmth, friendliness, and a cooperative nature, often leading to better interpersonal relationships.

Big Five

A framework detailing five major traits that characterize human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Organizational Commitment

The level of loyalty and general attachment an employee feels towards their organization.

Adolescence

The transitional stage of physical and psychological development that occurs during the period from puberty to legal adulthood.