Which of the Following Is Correct If the Interest Rate

question 15

Multiple Choice

Which of the following is correct if the interest rate is 6 percent?

• A)$215 to be received a year from today has a present value of over $200;$420 a year from now has a present value over $400.
• B)$215 to be received a year from today has a present value of over $200;$420 a year from now has a present value under $400.
• C)$215 to be received a year from today has a present value of under $200;$420 a year from now has a present value over $400.
• D)$215 to be received a year from today has a present value of under $200;$420 a year from now has a present value under $400.

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Definitions:

Iron

A chemical element and a key nutrient necessary for the production of red blood cells and the transportation of oxygen in the body.

Calcium

A mineral essential for various bodily functions, including bone formation and muscle function.

Adolescents

Young people in the transitional stage of physical and psychological development from puberty to adulthood.

Melatonin

A hormone produced by the pineal gland that regulates sleep and wakefulness.