If the Rate of Interest (R) Is 9%, Then You

question 28

Multiple Choice

If the rate of interest (r) is 9%, then you should be indifferent about receiving $750 in one year or ________.

• A) $688.07 today
• B) $750 today
• C) $825.68 today
• D) None of the above

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Definitions:

MBR

MBR stands for Master Boot Record, a special type of boot sector at the very beginning of partitioned computer storage devices used for holding information on how the media is partitioned.

Fingerprint Lock

A type of security lock on mobile devices and computers that requires a valid and stored fingerprint to be matched with the fingerprint of the person trying to gain access.

Facial Recognition

A technology capable of identifying or verifying the identity of a person using their face.

Numeric Passcode

A type of password consisting only of numbers, commonly used to secure devices like smartphones and tablets.