Assuming an Interest Rate of 10%, the Present Value of $8000

question 143

Multiple Choice

Assuming an interest rate of 10%, the present value of $8000 received at the end of each year for 5 years would be closest to: Present Value of $1
Present Value of Annuity of $1

• A)$4968.
• B)$40,000.
• C)$30,328.
• D)$61,776.

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Definitions:

Humanistic Perspective

A psychological approach that emphasizes personal growth, self-acceptance, and the concept of self-actualization.

Self-determination

The process by which a person controls their own life.

Self-transcendence

A state or quality of going beyond the personal self to achieve a broader, more holistic, or spiritually connected sense of being.

Self-actualization

The act of bringing to fruition one's qualities and potential, perceived as a fundamental drive or demand present in all people.