The Present Value of $1000 Received 2 Years from Now

question 169

Multiple Choice

The present value of $1000 received 2 years from now given the current rate of interest

• A)is less than the present value of $1000 received 1 year from now.
• B)is the same as $1000 received 3 years from today.
• C)is the same as $1000 received 1 year from today.
• D)is less than $1000 received 3 years from today.

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Definitions:

Fungi

A kingdom of organisms that includes molds, yeasts, and mushrooms, which live by decomposing and absorbing the organic material in which they grow.

Lichens

Symbiotic associations between a fungus and a photosynthetic partner (usually an algae or cyanobacteria), living together on surfaces like rocks or trees.

Algae

A diverse group of photosynthetic organisms that are not necessarily closely related, ranging from unicellular microalgae to large multicellular forms, inhabiting both freshwater and marine environments.

Chytrid Fungi

A group of primitive pathogenic fungi that can infect amphibian skins, significantly contributing to global declines in amphibian populations.