You Have a Choice Among Three Options

question 97

Multiple Choice

You have a choice among three options. Option 1: receive $900 immediately. Option 2: receive $1,200 one year from now. Option 3: receive $2,000 five years from now. The interest rate is 15 percent. Rank these three options from highest present value to lowest present value.

• A)Option 1; Option 2; Option 3
• B)Option 3; Option 2; Option 1
• C)Option 2; Option 3; Option 1
• D)Option 3; Option 1; Option 2

---

Definitions:

Realized Niche

The actual conditions and resources in which an organism or population lives and reproduces, considering biotic and abiotic factors.

Fast-Moving Water

Aquatic environments characterized by high flow rates, often supporting distinct flora and fauna adapted to these conditions.

Rotting Log

A decaying log that provides habitat and nutrition for a diversity of organisms, playing a key role in nutrient cycling in forests.

Bacteria

Single-celled microorganisms that can exist either as independent organisms or as parasites, involved in processes such as fermentation, decomposition, and nitrogen fixation.