Examlex

Solved

If the Interest Rate Is 4 Percent, the Present Value

question 167

Multiple Choice

If the interest rate is 4 percent, the present value of $10,000 to be received two years from today is about


Definitions:

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, intended to indicate the cost of living.

Social Security

A government program that provides financial assistance to the elderly, disabled, and survivors through retirement benefits, disability payments, and other means.

Prison Population

The total number of individuals incarcerated in a country's penal institutions.

Rate of Unemployment

The measure of individuals in the labor force who are unemployed and on the quest for employment.

Related Questions