In Calculating the Present Value of $1,000 to Be Received

question 44

Multiple Choice

In calculating the present value of $1,000 to be received 5 years from today, the discount factor has been calculated to be 7008.What is the apparent interest rate?

• A)5.43 percent
• B)7.37 percent
• C)8.00 percent
• D)9.50 percent discount factor =

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Definitions:

Antianxiety Medication

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Psychotropic Medication

Drugs that affect a person's mental state and are used to treat mental health conditions.

Mood Disorder

A mental health class that health professionals use to broadly describe all types of depression and bipolar disorders.

Confused Thinking

A state where an individual experiences difficulty in understanding, concentrating, and making decisions, often reflective of underlying mental health issues.