At Which Interest Rate Is the Present Value of $95

question 210

Multiple Choice

At which interest rate is the present value of $95.40 one year from today equal to $90 today?

• A)4 percent
• B)5 percent
• C)6 percent
• D)7 percent

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Definitions:

Psychotherapy

A form of treatment for mental health issues using psychological methods, typically involving verbal communication.

Psychiatrists

Medical doctors specialized in diagnosing, treating, and preventing mental illnesses, often with the ability to prescribe medication.

Contemporary

Pertaining to the same period or the current age; modern or current.

Mental Hospitals

Healthcare facilities specializing in the treatment and care of individuals with psychiatric disorders and mental health issues.