The Present Value of a Future Payment to Be Received

question 73

Multiple Choice

The present value of a future payment to be received in three years is $1,000.If the interest rate is 5%,what is the amount that will be paid in three years?

• A)$1,150.00
• B)$1,157.63
• C)$1,215.51
• D)$1,250.00

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Definitions:

Interpreting Test Results

The process of analyzing and understanding the significance of the outcomes derived from psychological or educational testing.

Test Scoring

The process of assigning values or scores to responses in tests to evaluate performance or abilities.

Technical Knowledge

Specific knowledge related to a particular field of work or technology, often involving understanding complex processes or systems.

Test Selection

The process of choosing appropriate tests or assessments based on their reliability, validity, and relevance to the specific context or individuals being evaluated.