Assuming an Interest Rate of 6%, the Present Value of $22,000

question 154

Multiple Choice

Assuming an interest rate of 6%, the present value of $22,000 to be received 9 years from now would be closest to

• A)$16,434.
• B)$13,024.
• C)$37,162.
• D)$35,068.

---

Definitions:

Better Futures

A term that could be associated with programs or initiatives aimed at improving prospects in various contexts, such as education, health, or community development.

Prevention

A concept borrowed from the fields of physical disease, public health, and epidemiology and applied to mental disorders by community psychology. There are three categories of prevention activities: primary prevention, secondary prevention, and tertiary prevention.

Promotion

The act of advancing someone's position or rank, or the process of encouraging the sales, recognition, or enthusiasm for something.

Olds' Prenatal Early Infancy Project

A research initiative focusing on the effects of home visitation by nurses on maternal and child health and development.