You Have Been Promised a Payment of $400 in the Future.In

question 202

Multiple Choice

You have been promised a payment of $400 in the future.In which of the following cases is the present value of this payment the lowest?

• A)You receive the payment 4 years from now and the interest rate is 4 percent.
• B)You receive the payment 4 years from now and the interest rate is 5 percent.
• C)You receive the payment 5 years from now and the interest rate is 4 percent.
• D)You receive the payment 5 years from now and the interest rate is 5 percent.

---

Definitions:

National Labor Relations Act

A foundational statute in United States labor law that protects the rights of employees to organize and bargain collectively with their employers.

Significant Piece

An important or notable part of something, often referring to a key element that has a major impact or role.

Legislation

Laws or statutes that have been formally enacted by a legislative body to regulate, authorize, prohibit, or provide frameworks for various activities and policies.

Agency

An organization, company, or bureau that provides a specific service.