The Present Value of $40,000 to Be Received in Two

question 71

Multiple Choice

The present value of $40,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar)

• A) $31,888
• B) $48,112
• C) $8,112
• D) $40,000

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Definitions:

Buddhists

Followers of Buddhism, a spiritual tradition that focuses on personal spiritual development and the attainment of a deep insight into the true nature of life.

David Hume

A Scottish Enlightenment philosopher, historian, economist, and essayist known for his empirical approach to philosophical questions and skepticism about religion.

Individual Self

The distinct, separate, and unique identity of a person, encompassing their thoughts, actions, and perceptions.

Recognize Thoughts

The process or ability to identify and acknowledge one's own thoughts, emotions, and mental states.