An Athlete Was Offered the Following Contract for the Next

question 20

Multiple Choice

An athlete was offered the following contract for the next three years: The athlete would rather have his salary in equal amounts at the END of each of the three years.If the discount rate for the athlete is 10%,what yearly amount would she consider EQUIVALENT to the offered contract?

• A) $5.37 million per year
• B) $5.70 million per year
• C) $6.71 million per year
• D) $6.87 million per year

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Definitions:

Demographic Variables

Variables that are used to classify the characteristics of human populations, such as age, gender, income level, education, and ethnicity.

Socioeconomic Background

The social and economic circumstances in which a person is raised, including factors such as income, education, and occupation.

Race

A social construct used to categorize humans into large and distinct populations based on heritable physical traits, shared ancestry, or historical affiliations.

Multicultural Counseling Competencies

The knowledge, skills, and attitudes required to provide effective, respectful, and sensitive mental health services to clients from diverse cultural backgrounds.