Which of the Following Statements Is FALSE Regarding Caregiving

question 139

Multiple Choice

Which of the following statements is FALSE regarding caregiving?

• A)Most families abandon their aging relatives because they cannot provide adequate care.
• B)Studies show a grown son will assume a role of caregiving for his elderly relative.
• C)Recent studies indicate the average woman will spend about 18 years caring for an aging relative.
• D)All of these statements are false.

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Definitions:

Discounting

The process of determining the present value of a future amount of money or stream of cash flows given a specific rate of return.

Compounded Annually

Interest on an investment that is calculated once a year on both the initial principal and the accumulated interest from previous periods.

Compounded Monthly

A method of calculating interest where the interest earned each month is added to the principal, so that the balance grows at an increasing rate.

Compounded Annually

A method of calculating interest in which the accumulated interest is added to the principal at the end of each year, resulting in interest on interest in successive years.