What Is the Present Value of an IOU for $1,000

question 120

Multiple Choice

What is the present value of an IOU for $1,000 due to be paid in two years,if the discount rate is 8%?

• A)$857.34
• B)$766.40
• C)$885.00
• D)$683.26
• E)$810.77

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Definitions:

Non-functional Gestures

Gestures that do not serve a direct practical purpose or that do not convey meaningful communication in a given context.

Adaptive Behaviours

Actions or skills that enable an individual to meet their needs, function effectively, and adjust well to their environment.

Daily Living Skills

Essential skills needed by individuals to manage everyday tasks independently, such as eating, dressing, personal hygiene, and budgeting.

Motor Skills

Abilities required to execute movements smoothly and accurately, involving coordinated muscle activity.