Your Father's Pension Recently Vested and He Is Told That

question 134

Multiple Choice

Your father's pension recently vested and he is told that if he never works another day in his life,he will receive a lump sum of $1,500,000 on his 65th birthday (exactly 15 years from today) .Assume that your father needs to permanently retire today.What could he sell the rights to his lump sum for,today,if the correct discount rate for such a calculation is 6%?

• A) $625,897.59
• B) $1,415,094.34
• C) $154,444.15
• D) none of the above

Understand the concept of social inhibition and its implications on social behavior.

Gain knowledge on the historical significance and findings of Lewis Terman's longitudinal study.

Comprehend the relationships between personality types (including Type D) and health outcomes.

Identify the relationship between personality traits, specifically conscientiousness, and longevity.

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Definitions:

High-Pitched Sounds

Sounds that have a high frequency, typically perceived as "shrill" by the human ear.

Hair Cells

Sensory cells located in the inner ear, vital for the conversion of sound waves into electrical signals for hearing and helping in the maintenance of balance.

Nociceptors

Sensory receptors that detect signals from damaged tissue or the threat of damage and transmit information about pain to the brain.

Conduction Hearing Loss

A type of hearing loss where sound waves are not effectively conducted through the outer ear canal to the eardrum and the tiny bones of the middle ear.