If the Interest Rate Is 4

question 149

Multiple Choice

If the interest rate is 4.5 percent,what is the present value of a payment of $500 to be made one year from today?

• A)$457.14
• B)$468.02
• C)$478.47
• D)None of the above are correct to the nearest cent.

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Definitions:

Adult Learning Cycle

A process of learning that adults go through, involving experiences, reflection, forming abstract concepts, and testing in new situations.

Memory Skills

The cognitive abilities that enable an individual to encode, store, and retrieve information efficiently.

Presidents' Names

References to the individuals who have held the office of the president in various countries, often used in historical or political contexts.

Retain

To keep in possession or memory; holding onto information, objects, or positions without letting go or losing them.