Assuming an Interest Rate of 6%, the Present Value of $20,000

question 152

Multiple Choice

Assuming an interest rate of 6%, the present value of $20,000 to be received 9 years from now would be closest to

• A) $11,840.
• B) $14,940.
• C) $31,880.
• D) $33,784.

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Definitions:

Intelligence Tests

Standardized exams designed to measure human cognitive abilities in comparison to an age-group population.

Manual Dexterity

The skillful use of the hands and fingers to perform tasks with precision and coordination.

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others.

IQ Score

An IQ Score is a measure of a person's intellectual abilities relative to a statistically normal curve, standardised for the population.