Using the Following Partial Table of Present Value of $1

question 18

Multiple Choice

Using the following partial table of present value of $1 at compound interest,determine the present value of $20,000 to be received four years hence with earnings at the rate of 12% a year:

• A)$13,660
• B)$15,840
• C)$12,720
• D)$10,400

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Definitions:

Neglect

The failure to provide necessary care, assistance, guidance, or attention to someone or something.

Child Abuse

Physical, sexual, or emotional mistreatment or neglect of a child by a parent, guardian, or other caregiver.

Physical Well-being

The state of being comfortable, healthy, or happy in relation to the physical body.

Emotional Well-being

A state where an individual is able to understand and manage their emotions, maintain positive relationships, and feel a sense of purpose.