If the Current Rate of Interest Is 8%,then the Present

question 37

Multiple Choice

If the current rate of interest is 8%,then the present value (PV) of an investment that pays $1000 per year and lasts 20 years is closest to:

• A)$18,519
• B)$45,761
• C)$9,818
• D)$20,000

---

Definitions:

General Skills

The skills that are necessary regardless of whether one is working in a clinical or administrative capacity. They include legal functions, communication skills, the ability to deliver education, and operational functions.

Psychology

The examination and analysis of how the human mind operates, particularly its impact on behavior within specific situations.

Communication

The act of communicating; information given; a means of giving information.

Quality Assurance

A systematic process designed to determine whether products or services meet specified requirements and to ensure that they are produced or delivered according to standards.