If You Will Receive $3, 000 Three Years from Today

question 26

Multiple Choice

If you will receive $3, 000 three years from today and the discount rate is 7 percent, the present value of the $3, 000 is

• A)$2, 779
• B)$3, 770
• C)$1, 658
• D)$1, 962
• E)$2, 449

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Definitions:

Doodads

Informal term for small, often decorative objects with no specific utility or function.

Type Alpha Employees

A categorization for employees who are highly motivated, confident, and capable of independent work.

Type Beta Employees

A categorization in a theoretical model that may refer to a certain group of employees characterized by specific attributes or behaviors, commonly seen in psychological or economic models.

Plowshares

Tools used in farming for cutting furrows in the soil, symbolic of peaceful applications of resources.