Using the Following Partial Table of Present Value of $1

question 84

Multiple Choice

Using the following partial table of present value of $1 at compound interest, determine the present value of $20,000 to be received three years hence, with earnings at the rate of 10% a year. $$\begin{array} { | l | l| l | l | } \hline 12 \% & 10 \% & 6 \% & \text { Year } \\\hline 0.893 & 0.909 & 0.943 & 1 \\\hline 0.797 & 0.826 & 0 .890 & 2 \\\hline 0.712 & 0.751 & 0.840 & 3 \\\hline 0.636 & 0.683 & 0.792 & 4 \\\hline & & &\end{array}$$

• A) $14,240
• B) $16,800
• C) $15,020
• D) $15,840

---

Definitions:

Sociological

Related to the study of the development, structure, and functioning of human society and social problems.

Research Methodologies

The strategies, techniques, and procedures used by researchers to gather and analyze data in studies.

Anecdotal Feedback

Personal stories or observations used as a form of qualitative data or evidence, though not systematically collected.

Self-Reporting Questionnaires

A method of data collection where individuals provide information about themselves, typically regarding behaviors, attitudes, or symptoms.