What Is the Present Value of a Payment of $150

question 104

Multiple Choice

What is the present value of a payment of $150 one year from today if the interest rate is 6 percent?

• A)$141.11
• B)$141.36
• C)$141.75
• D)None of the above are correct to the nearest cent.

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Definitions:

Force-Coercion Strategy

A change management approach that involves the use of authority, threats, or pressure to achieve desired organizational changes.

Deadweight Loss

Deadweight loss represents an economic inefficiency that happens when a good or service doesn't reach or cannot reach its equilibrium point.

Price Elasticity

An economic measure indicating how the quantity demanded of a product changes in response to a change in the price of that product.

Equilibrium Quantity

The equilibrium quantity is the quantity of goods or services that is supplied and demanded at the equilibrium price, where supply equals demand.