If the Interest Rate Is 11%,$1500 Received at the End

question 19

Multiple Choice

If the interest rate is 11%,$1500 received at the end of 12 years is worth how much today?

• A)500*(1+.11)12
• B)500/(1 + .11)12
• C)500/(1 + 11)12.
• D)500

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Definitions:

Piagetian Theory

Piagetian Theory refers to the cognitive development theory proposed by Jean Piaget, which suggests that children move through four stages of mental development.

Mental Structures

Conceptual frameworks or patterns of thinking that individuals use to process and organize information.

Memory Capacity

The amount of information that can be held in the memory system at one time, varying across different types and stages of memory.

Sensorimotor Stage

A Piagetian stage of infancy marked by the absence of the capacity for mental representation.