The Present Value of $1,000 Received Three Years from Today

question 30

True/False

The present value of $1,000 received three years from today with a discount rate of 10% is less than the present value of a $500 annuity with the same discount rate over the same period.
The three-year annuity represents three payments of $500 (= $1,500),so the present value of the annuity is greater.

Apply strategies to maintain and protect goodwill in communication.

Recognize and correct organizational errors in documents.

Choose language and tone to favorably influence the reader's response.

Understand the importance of readability in business communications.

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Definitions:

Positive Discipline

A workplace discipline strategy focusing on constructive feedback and encouraging positive behavior change rather than punishment.

Cooperative Environment

A workplace or organizational culture that emphasizes collaboration and team-oriented goals.

Open-Door Policy

A management approach where executives encourage open communication and feedback from employees at all levels within the organization.

Consistent

Characterized by steadiness, reliability, and uniformity in decision-making, actions, or performance over time.