Below Is a Table for the Present Value of $1

question 89

Multiple Choice

Below is a table for the present value of $1 at compound interest. Below is a table for the present value of an annuity of $1 at compound interest.
Using the tables above, what would be the present value of $8,000 (rounded to the nearest dollar) to be received one year from today, assuming an earnings rate of 12%?

• A) $7,544
• B) $7,120
• C) $7,272
• D) $7,144

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Definitions:

Infradian

refers to biological rhythms with cycles that are longer than a day, such as menstrual or seasonal cycles.

Altered State

A condition of significant deviation from one's normal cognitive, emotional, or behavioral state, often induced by stress, meditation, drug use, or psychiatric disorders.

Consciousness

The state of being aware of and able to think about one's surroundings, actions, and thoughts.

Circadian Cycle

An innate system that controls the cycle of sleeping and waking, repeating approximately every 24-hour period.