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Using the Following Partial Table of Present Value of $1

question 61

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Using the following partial table of present value of $1 at compound interest, determine the present value of $20,000 to be received four years hence with earnings at the rate of 12% a year: 12%10%6% Year 0.8930.9090.94310.7970.8260.89020.7120.7510.84030.6360.6830.7924\begin{array} { | l | l | l | l | } \hline 12 \% & 10 \% & 6 \% & \text { Year } \\\hline 0.893 & 0.909 & 0.943 & 1 \\\hline 0.797 & 0.826 & 0.890 & 2 \\\hline 0.712 & 0.751 & 0.840 & 3 \\\hline 0.636 & 0.683 & 0.792 & 4 \\\hline & & &\end{array}

Identify secondary characteristics of diversity and their impact on individual identity.
Recognize the forms of subtle discrimination in the workplace and understand the importance of inclusivity in training and career development.
Understand the role of self-awareness in recognizing personal prejudices.
Evaluate the effectiveness of legislations like the Americans with Disabilities Act in reducing discrimination.

Definitions:

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Net Benefits

The total benefits of some activity or policy less the total costs of that activity or policy.

Neoclassical Models

Economic models that emphasize rationality, individual optimization, and equilibrium, focusing on how market mechanisms allocate resources efficiently.

Behavioral Economists

Researchers who study how psychological, emotional, and social factors affect economic decision-making.

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