With an Interest Rate of 5 Percent,the Present Value of $100

question 97

Multiple Choice

With an interest rate of 5 percent,the present value of $100 received one year from now is approximately

• A) $100.
• B) $105.
• C) $95.
• D) $90.

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Definitions:

Percent Above

A term typically used to quantify the increase or growth of a value in terms of percentage above a specific reference point.

Political Philosophies

The study of fundamental questions about the state, government, politics, liberty, justice, and the enforcement of a legal code by authority.

Distribution Of Income

Refers to the way total personal income is spread across a population.

In-Kind Transfers

Transfers to the poor given in the form of goods and services rather than cash