Which of the Following Statements Is Not True

question 83

Multiple Choice

Which of the following statements is not true?

• A)Most people prefer to consume now than in the future.
• B)If you put $100 in a bank on 1/1/2010 and it earns compound interest at an annual rate of 10%,on 12/31/2011,you will have exactly $220.
• C)a dollar received today starts earning interest sooner than one received tomorrow.
• D)starting to save $2,000 a year at 10% at age 23 doubles the cash you would have if instead you started saving $2,000 a year at age 36.

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Definitions:

Information Processing

The act or process of receiving, categorizing, storing, and interpreting data by human or machine systems.

Intuitive Thinking

A cognitive process that involves making decisions or coming to conclusions based on what feels right or what seems to be the most natural choice without explicit reasoning.

Systematic Thinking

A method of thinking that approaches problems with a consistent and orderly framework, focusing on understanding the relationships between parts within a system.

Problems

Situations, questions, or conditions that require solutions or answers.