A Projection to 2083 Suggests That 10 Billion Might Then

question 14

Multiple Choice

A projection to 2083 suggests that 10 billion might then be the population of

• A)the United States.
• B)India.
• C)China.
• D)the world.

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Definitions:

Present Value

The present value of a future amount of money or series of cash flows, using a certain return rate.

Payment Options

The various methods by which a buyer can fulfill a financial obligation to a seller, including cash, credit, and electronic transfers.

Compounding

The process where the value of an investment increases because the interest it earns itself earns interest.

Discounting

The process of determining the present value of a payment or series of payments that will be made in the future, often used in finance to compare investment opportunities.