What Is the Present Value of a Payment of $150

question 104

Multiple Choice

What is the present value of a payment of $150 one year from today if the interest rate is 6 percent?

• A)$141.11
• B)$141.36
• C)$141.75
• D)None of the above are correct to the nearest cent.

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Definitions:

Conscious Thought

The state of being aware of one's thoughts, feelings, and sensations; it involves processes that are within an individual's direct awareness.

Wundt

Refers to Wilhelm Wundt, a German physician and psychologist who is considered one of the founders of modern psychology.

Mode

The value that appears most frequently in a data set.

Introspection

The examination of one's own thoughts and feelings as a way of understanding one’s mental processes.