If the Appropriate Interest Rate Is 8%,then Present Value of $500

question 62

Multiple Choice

If the appropriate interest rate is 8%,then present value of $500 paid at the beginning of each of the next 40 years is closest to:

• A) $23
• B) $5,962
• C) $6,439
• D) $20,0000

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Definitions:

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, often considered as socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Class

refers to a group of people within society who share similar socio-economic conditions, earning potential, and lifestyle.

Hostile

Displaying or feeling enmity or opposition; unfriendly or adverse.

Simmel

A German sociologist and philosopher, Georg Simmel, known for his analyses of individual culture, social structures, and the intersection of individuality and modern society.