If the Interest Rate Is 10%,then $1 Received One Year

question 116

Multiple Choice

If the interest rate is 10%,then $1 received one year from now is worth how much today?

• A) $1.10
• B) $1.00
• C) $0.91
• D) $0.90

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Definitions:

Medicine

The science and practice of diagnosing, treating, and preventing disease, aimed at enhancing health and well-being.

Ml

Stands for Machine Learning, a branch of artificial intelligence that focuses on building systems that learn from and make decisions based on data.

Pint

A unit of volume measurement in the imperial and U.S. customary systems, equal to half a quart or approximately 473 milliliters.

Pharmacy

A pharmacy is a place where medications are stored, prepared, and dispensed to individuals based on a prescription from a licensed healthcare provider.