What Is the Present Value of $575 in a One

question 160

Multiple Choice

What is the present value of $575 in a one year if the current rate of interest is 4 percent?

• A)$410.71
• B)$552.88
• C)$598
• D)$805

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Definitions:

Fear Of The Unknown

Anxiety or apprehension about something that is not known or familiar.

Disrupted Habits

Patterns of behavior that have been interrupted or altered, often due to changes in the environment, technology, or personal circumstances, leading individuals to adapt or develop new routines.

Poor Timing

The action or decision taken at an inappropriate time, potentially leading to less effective outcomes or failure.

Binding Price Floors

Binding price floors are minimum prices set by the government for certain goods or services that are above the equilibrium price, leading to surpluses.