Evan Works Full Time, as Does His Sister Olivia

question 60

Multiple Choice

Evan works full time, as does his sister Olivia. If these two represent average people earning average wages, it is likely that Olivia earns only ________ percent of Evan's pay.

• A)95
• B)90
• C)80
• D)72
• E)66

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Definitions:

Income

Regular financial receipts from employment or capital investments.

Undertake Investment

The act of committing money or capital to an endeavor with the expectation of obtaining additional income or profit.

Present Discounted Value

The present worth of a future amount of money or sequence of cash flows, calculated using a given interest rate.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, charged by lenders to borrowers.