Alice Says That the Present Value of $700 to Be

question 341

Multiple Choice

Alice says that the present value of $700 to be received one year from today if the interest rate is 6 percent is less than the present value of $700 to be received two years from today if the interest rate is 3 percent. Beth says that $700 saved for one year at 6 percent interest has a smaller future value than $700 saved for two years at 3 percent interest.

• A)Both Alice and Beth are correct.
• B)Both Alice and Beth are incorrect.
• C)Only Alice is correct.
• D)Only Beth is correct.

Recognize and understand the effects of social and environmental factors on language development.

Understand the different strategies used for enhancing language development.

Recognize the characteristics and implications of language development disorders.

Identify best practices for supporting children with slow language development.

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