Which of the Following Is the Equivalent of $300 Received

question 79

Multiple Choice

Which of the following is the equivalent of $300 received today?

• A) $795.99 to be received 20 years in the future assuming a 5% annual interest rate.
• B) $100 to be received two years from now and $200 three years from now.
• C) $300 compounded at 10% for one year.
• D) All of these are the equivalent of $300 received today.

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Definitions:

Industrial/Organizational Psychology

The branch of psychology that applies psychological theories and principles to organizations and the workplace.

Atheoretical Orientation

An approach to research or practice that is not guided by a formal theory, often relying on empirical evidence alone.

Basic Research

Basic research is a type of scientific investigation that focuses on expanding knowledge and understanding fundamental principles without immediate application toward solving practical problems.

Recruitment

The process organizations use to identify qualified individuals for a job.