What Is the Present Value of $1000 to Be Received

question 48

Multiple Choice

What is the present value of $1000 to be received ten years from today,assuming an interest rate of nine percent per annum?

• A)$402
• B)$488
• C)$470
• D)$422

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Definitions:

Emotional System

An intrinsic framework within individuals that involves the processing and regulation of emotions, influencing behavior and cognitive processes.

Consciousness Raising

Consciousness raising refers to activities or discussions aimed at increasing awareness, typically about social, cultural, or political issues.

Reduction Ad Absurdum

A method of argument in which a proposition is disproven by following its implications logically to an absurd conclusion.

Relabeling

A cognitive behavioral technique where negative or distressing labels about oneself or situations are consciously replaced with more positive or neutral ones.