What Is the Present Value of $1,000 to Be Received

question 53

Multiple Choice

What is the present value of $1,000 to be received 10 years from today? Assume that the investment pays 8.5% and it is compounded monthly (round to the nearest $1) .

• A) $893
• B) $3,106
• C) $429
• D) $833

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Definitions:

Subordinates

Employees or team members who are lower in rank or position and report to someone higher in the organizational hierarchy.

Behavioral Model

A theoretical framework used for describing and predicting how an individual's behavior is learned and expressed within a psychological context.

Effective Leadership Style

The manner or approach of leading that successfully inspires and guides individuals or groups towards achieving organizational goals.

Situation

A set of circumstances or a scenario in which individuals find themselves, affecting their behavior and decision-making.