Use the Present Value and Future Value Tables Included in Appendix

question 49

Multiple Choice

Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
-The present value of $1 discounted for 10 years at 8 percent compounded annually is 0.4632. The present value of an annuity of $1 discounted for 10 years at 8 percent compounded annually is 6.7101. Given this information, the present value of $80 to be received in 10 years at 8 percent compounded annually is

• A) $11.92
• B) $37.06
• C) $172.71
• D) $536.81

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Definitions:

Emerging Adulthood

This is a phase of the life span between adolescence and full-fledged adulthood which encompasses late teens through the twenties, marked by exploration of identity.

Lifespan Period

A phase of life that stretches from birth to death, encompassing all developmental stages and changes experienced throughout an individual's existence.

Arnett's Five Features

Key characteristics defining emerging adulthood, including identity exploration, instability, self-focus, feeling in-between, and possibilities/optimism for the future.

Adolescent Development

The physical, emotional, psychological, and social changes that occur during the transition from childhood to adulthood.