Assume That You Have the Opportunity to Receive $5,000 at the End

question 37

Multiple Choice

Assume that you have the opportunity to receive $5,000 at the end of each of the next five years.Given an interest rate of 6%,how much would you be willing to pay for this investment today?

• A)$22,326
• B)$21,062
• C)$19,587
• D)$3,736

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Definitions:

Positive Attitude

A mental outlook of optimism and of expecting good outcomes, which can influence one's resilience and approach to challenges.

Time Management

An assortment of skills, tools, and practices used to manage time during daily activities and when accomplishing specific projects.

Prospective Employee

An individual who is being considered for employment within an organization.

Credit Rating

An assessment of the creditworthiness of a borrower in general terms or with respect to a particular debt or financial obligation.