The Present Value of $4,000 to Be Received Each Year

question 72

Multiple Choice

The present value of $4,000 to be received each year for three years and earning a 10 percent return (rounded) is

• A)$11,120.
• B)$9,948.
• C)$9,822.
• D)$9,200.

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Definitions:

First-order Cybernetics

An approach that studies systems, including their regulations and communications, from an external viewpoint without considering the system's self-awareness.

Systemic Practices

Approaches and methods that consider the interrelated components of a system, such as in families or organizations, aiming to address issues from a holistic perspective.

Assimilative Integration

An approach in psychotherapy that combines techniques from different schools of thought within the therapist's primary orientation.

Solution-focused Counseling

A short-term therapeutic approach that emphasizes finding solutions to problems rather than focusing on the problems themselves.