Jeff Has the Opportunity to Receive Lump-Sum Payments Either Now

question 82

Multiple Choice

Jeff has the opportunity to receive lump-sum payments either now or in the future. Which of the following opportunities is the best, given that the interest rate is 7% per year?

• A)One that pays $1 500 in five years
• B)One that pays $1 200 in two years
• C)One that pays $1 800 in ten years
• D)One that pays $1 000 now

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Definitions:

Negative Impact

An adverse effect or detriment to something's condition, performance, or well-being.

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Dogmatism

Leads a person to see the world as a threatening place and to regard authority as absolute.

Conventional Values

Traditional beliefs or norms that are widely accepted within a society or among members of a particular group.