A Fundamental Shift in Thinking-From the Time Since Our Birth

question 46

Multiple Choice

A fundamental shift in thinking-from the time since our birth to the time we have left to live-occurs in

• A) adolescence.
• B) adultolescence.
• C) the later middle years.
• D) the later older years.

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Definitions:

Market Rate

The dominant interest rate in the market for investments with comparable risk and duration.

Obligation

A duty or commitment to pay money or perform some action in the future, often legally enforceable.

Present Value

Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.