You Receive $1,000 in 1 Year,$1,200 in 2 Years,and $1,300

question 62

Multiple Choice

You receive $1,000 in 1 year,$1,200 in 2 years,and $1,300 in 3 years.The present value today of these future receipts is ________ if the opportunity cost is 7 percent.

• A)$2,500
• B)$3,044
• C)$4,036
• D)$3,257

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Definitions:

American Indians

Indigenous peoples of the Americas, often referring specifically to Native American groups within the United States.

Elderly

Refers to individuals who are significantly beyond the average age of retirement, often considered to be 65 years and older in many societies.

Suicide Rate

The number of suicides occurring within a given population and timeframe.

Suicide Prevention Programs

Initiatives and strategies aimed at reducing the incidence of suicide through education, awareness, and support services.