How Much Would $20, 000 Due in 50 Years Be

question 49

Multiple Choice

How much would $20, 000 due in 50 years be worth today if the discount rate were 7.5%?

• A) $438.03
• B) $461.08
• C) $485.35
• D) $510.89
• E) $537.78

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Definitions:

Empirical Evidence

Information acquired by observation or experimentation that is used to confirm or disprove a hypothesis or theory.

Stereotype

A fixed, generalized belief about a particular group or category of people.

Problem Solving

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Reasoning

The process of forming conclusions, judgments, or inferences from facts or premises.