If the Present Value of the $1,000 to Be Received

question 6

Multiple Choice

If the present value of the $1,000 to be received in one year is $800,the interest rate is

• A)25 percent per year.
• B)8 percent per year.
• C)10 percent per year.
• D)12 percent per year.
• E)125 percent per year.

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Definitions:

Phrenic Veins

Veins that drain blood from the diaphragm, important for the return of blood to the heart.

Diaphragm

A dome-shaped, muscular partition separating the thorax from the abdomen in mammals, playing a major role in breathing as its contraction increases the volume of the thorax and so inflates the lungs.

Median Cubital Vein

A superficial vein located in the cubital fossa that connects the cephalic and basilic veins, commonly used for venipuncture.

Collect Blood

The process of drawing blood from a vein, typically for diagnostic purposes.