What Is the Present Value of a Payment of $250

question 139

Multiple Choice

What is the present value of a payment of $250 one year from today if the interest rate is 4 percent?

• A)$240.38
• B)$242.24
• C)$244.40
• D)None of the above are correct to the nearest cent.

---

Definitions:

Performance Appraisal

The periodic review and assessment of an individual's job performance and overall contribution to a company by managers or supervisors.

Traditional Unstructured

Describes an approach or method that relies on informal, flexible, and often improvised procedures rather than fixed rules or formats.

Interviews

A method of data collection or assessment involving a structured or semi-structured conversation between an interviewer and a respondent.

Performance Appraisal Criteria

The standards or benchmarks used to evaluate and measure an employee's work performance over a specific period.