You Have a Bond That You Can Redeem for $10,000

question 12

Multiple Choice

You have a bond that you can redeem for $10,000 one year from now.The interest rate is 10 percent per year.How much is the bond worth today?

• A)$9,090.91
• B)$10,000.00
• C)$8,264.46
• D)9,523.81

---

Definitions:

Infantile Amnesia

The incapacity of adults to recall episodic memories, which are memories related to specific events or situations, from their early childhood years.

Egocentrism

The inability to differentiate between one's own perspective and someone else's perspective, often seen in early childhood development.

Conservation

In environmental science, it is the preservation and careful management of the environment and natural resources.

Concrete Operational

A stage in Piaget's theory of cognitive development, occurring roughly from ages 7 to 12, characterized by the development of logical thought about concrete objects but not yet abstract concepts.