What Is the Present Value of $888 in One Year

question 226

Multiple Choice

What is the present value of $888 in one year if the current rate of interest is five per cent?

• A) $4440
• B) $845.71
• C) $177.60
• D) None of the above

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Definitions:

ERP

Event-Related Potential; a measured brain response that is the direct result of a specific sensory, cognitive, or motor event.

Non-Invasive

Procedures or techniques that do not require entering the body or breaking the skin, often used in medical treatments and diagnostics to reduce risk and discomfort.

Expensive

A term used to describe an item, service, or commodity that requires a significant amount of money to purchase or maintain.

Place Cells

Place cells are neurons in the hippocampus that become active when an animal is in or is thinking about a specific location, playing a key role in spatial memory and navigation.