John Says That the Future Value of $250 Saved for One

question 48

Multiple Choice

John says that the future value of $250 saved for one year at 6 percent interest is less than the future value of $250 saved for two years at 3 percent interest. George says that the present value of a $250 payment to be received in one year when the interest rate is 6 percent is less than the value of a $250 payment to be received in two years when the interest rate is 3 percent.

• A)John and George are both correct.
• B)John and George are both incorrect.
• C)Only John is correct.
• D)Only George is correct.

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Definitions:

Evidence

Information or facts that are used to support a conclusion, theory, or claim, typically gathered through observation, research, or analysis.

Superior Function

In psychology, particularly Jungian theory, the dominant aspect of an individual's personality or behavior, considered to be the most developed or exercised function.

Jungian Theory

A psychological framework that emphasizes the collective unconscious, archetypes, and individuation as key components of the human psyche.

Evidence

Information or facts that are used to support or refute a claim, argument, or hypothesis in various contexts, including law, science, and everyday life.