What Is the Present Value of $1 Million Payable in 90

question 53

Multiple Choice

What is the present value of $1 million payable in 90 days at 8.00% per annum simple interest?

• A) $835 240.27
• B) $974 372.66
• C) $980 655.56
• D) $1 002 747.25

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Definitions:

Stable Attribution

A belief that causes behind a person's behavior are consistent and permanent over time, attributing actions to innate characteristics.

Global Attribution

The tendency to attribute the causes of behaviors or events to broad, general factors rather than specific situational factors.

Internal Attribution

The process of ascribing the cause of behavior to an internal characteristic of the actor, rather than to external factors.

External Attribution

The process of attributing the cause of one's own or others' behaviors to external factors or situational influences.