Assuming an Interest Rate of 6%,the Present Value of $18,000

question 178

Multiple Choice

Assuming an interest rate of 6%,the present value of $18,000 received at the end of each year for 6 years would be closest to

• A)$88,506.
• B)$11,970.
• C)$108,000.
• D)$125,550.

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Definitions:

Benefit Selling

A sales approach that focuses on communicating the benefits and value of a product or service to the customer, rather than just its features.

Customer Retention

Strategies and activities a business employs to keep its customers engaged and reduce customer turnovers.

Cognitive Dissonance

A psychological phenomenon that occurs when a person holds contradictory beliefs, ideas, or values, leading to psychological stress or discomfort.

Selective Exposure

The process of allowing only a portion of the information revealed to be organized, interpreted, and permitted into awareness.