Which of the Following Is Correct If the Interest Rate

question 15

Multiple Choice

Which of the following is correct if the interest rate is 6 percent?

• A)$215 to be received a year from today has a present value of over $200;$420 a year from now has a present value over $400.
• B)$215 to be received a year from today has a present value of over $200;$420 a year from now has a present value under $400.
• C)$215 to be received a year from today has a present value of under $200;$420 a year from now has a present value over $400.
• D)$215 to be received a year from today has a present value of under $200;$420 a year from now has a present value under $400.

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Definitions:

Criminal Activity

Conduct that constitutes an offense and is punishable by law, typically involving acts harmful or threatening to the public.

Irresistible Impulse Test

A legal standard used to evaluate the criminal responsibility of a defendant who claims mental illness prevented them from controlling their actions.

Mental Deficiency

A dated term referring to a range of intellectual disabilities or developmental disorders that impact cognitive functioning and adaptive behaviors.

Involuntary Act

An action performed by an individual without control over the movement, often lacking in conscious intent or awareness.