The Present Value of $1,000 to Be Received at the End

question 4

Multiple Choice

The present value of $1,000 to be received at the end of five years, if the discount rate is 10%, is

• A) $621.
• B) $784.
• C) $614.
• D) $500.

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Definitions:

Consolidation

The process of stabilizing a memory trace after the initial acquisition, making it more durable and long-lasting.

Long-term Memory

The phase of the memory process that involves the storage of information over extended periods, potentially for a lifetime.

Retrospective Memory

The type of memory that involves remembering events from the past or information previously learned.

Prospective Memory

Refers to the aspect of memory that involves remembering to perform a planned action or intention at the appropriate future time.