Using the Following Partial Table of Present Value of $1

question 62

Multiple Choice

Using the following partial table of present value of $1 at compound interest,compute the present value of $20,000 (rounded to nearest dollar) to be received one year from today,assuming an earnings rate of 15%.

• A)$17,400
• B)$17,000
• C)$20,000
• D)$15,451

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Definitions:

Marxian Theories

A set of socio-economic ideas that analyze the effects of capitalism on labor, productivity, and economic development.

Politically Left

Politically Left refers to ideologies and movements that advocate for social equality, environmental protection, and redistribution of wealth, often opposing conservative or capitalist policies.

Latency

In sociology, particularly in functionalism, it refers to the stabilization and maintenance of social systems through the latent functions of institutions.

Pattern Maintenance

Refers to the processes through which social systems and structures preserve stability and continuity over time, often discussed in sociology and organizational theory.