You Have an Investment That Will Mature in 20 Months

question 108

Multiple Choice

You have an investment that will mature in 20 months with the value of $2500. You need some quick cash and decide to sell it today at a discount rate of 10% compounded quarterly. What is the cash value?

• A) $659.23
• B) $2009.63
• C) $2120.54
• D) $2299.63
• E) $2219.63

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Definitions:

Cognitive

Pertaining to the mental processes of perception, memory, judgment, and reasoning, as contrasted with emotional and volitional processes.

Emotional

Pertaining to feelings or emotions, involving the ability to experience, communicate, and understand emotional states.

Behavioral

Relating to or concerned with the actions or activities of living organisms; often used to describe the study of behavior in psychology.

Affective Component

Refers to the emotional or feeling segment of an attitude, influencing how an individual feels about an object, person, or situation.