Steve Just Computed the Present Value of a $10,000 Bonus

question 34

Multiple Choice

Steve just computed the present value of a $10,000 bonus he will receive in the future.The interest rate he used in this process is referred to as which one of the following?

• A)current yield
• B)effective rate
• C)compound rate
• D)simple rate
• E)discount rate

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Definitions:

Criminal Penalties

Sanctions imposed for violations of criminal law, which may include imprisonment, fines, or other forms of punishment.

Trademark

A sign, term, or expression that has been legally recognized or adopted through usage to symbolize a corporation or merchandise.

Distinctive Shades

Unique or characteristic colors applied to products or brands to distinguish them from others in the marketplace.

Electronic Surveillance

Monitoring of behavior, activities, or information for the purpose of information gathering, often without the knowledge of the individuals being monitored.