Use the Present Value and Future Value Tables Included in Appendix

question 100

Multiple Choice

Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
-What is the approximate present value of $500 to be received in 1 year if interest is 8 percent compounded annually?

• A) $415
• B) $423
• C) $460
• D) $463

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Definitions:

United States v. Lopez

A 1995 Supreme Court case that ruled the Gun-Free School Zones Act of 1990 as unconstitutional for exceeding Congress's authority under the Commerce Clause.

Commerce Clause

A provision in the U.S. Constitution (Article I, Section 8) that gives Congress the power to regulate commerce with foreign nations, and among the several states, and with the Indian tribes.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to respond to the Great Depression.

Southern Manifesto

The Southern Manifesto was a document written in 1956 by legislators in the United States Congress opposing racial integration in public places.