Your Textbook Costs $90, and You Can Resell It in One

question 161

Multiple Choice

Your textbook costs $90, and you can resell it in one year for $45. If the annual interest rate is 10%, then the present value of the textbook's resale value (to the nearest dollar) is:

• A) $90.
• B) $41.
• C) $45.
• D) $37.

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Commitment

The state or quality of being dedicated to a cause, activity, or relationship.

Specific Job

A particular employment position defined by a unique set of duties and responsibilities.

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Interruptions or gaps in a person's work history, often due to personal reasons, unemployment, or transitions between jobs.

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A mindset characterized by innovation, risk-taking, and the drive to create new businesses or revitalize existing ones.