You Have a Choice Among Three Options

question 97

Multiple Choice

You have a choice among three options.Option 1: receive $900 immediately.Option 2: receive $1,200 one year from now.Option 3: receive $2,000 five years from now.The interest rate is 15% per year.Rank these three options from highest present value to lowest present value.

• A)Option 1; Option 2; Option 3
• B)Option 3; Option 2; Option 1
• C)Option 2; Option 3; Option 1
• D)Option 3; Option 1; Option 2

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Definitions:

Total Emancipation

Refers to the complete liberation of individuals from slavery or bondage without any remaining conditions or restrictions.

New Birth

This term often refers to a spiritual or religious renewal, symbolizing a significant change or transformation in an individual's life.

Gettysburg Address

The famous speech delivered by President Abraham Lincoln in 1863, emphasizing the principles of human equality and the fight for a unified nation.

Freedom

Possession of the ability or right to execute actions, voice thoughts, or reflect freely, devoid of hindrance or control.