Mike Carlson Will Receive $12,000 a Year from the End

question 33

Multiple Choice

Mike Carlson will receive $12,000 a year from the end of the third year to the end of the 12thyear (10 payments) . The discount rate is 10%. The present value today of this deferred annuity is:

• A) $61, 450
• B) $42,185
• C) $55,379
• D) $60,909

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Definitions:

Personality Shaping

The process by which an individual's character and personality traits are influenced and developed over time through experience and environment.

Fixed By The Age

This term suggests that certain psychological traits, behaviors, or patterns are established and solidified by a specific age in human development.

Social And Environmental Forces

External factors that influence individuals' behavior, beliefs, and personality development, including societal norms and physical surroundings.

Techniques Of Learning

Various methods or strategies employed to facilitate the acquisition of knowledge, skills, or understanding.