What's the Present Value of $11,500 Discounted Back 5 Years

question 96

Multiple Choice

What's the present value of $11,500 discounted back 5 years if the appropriate interest rate is 4.5%,compounded semiannually?

• A) $9,205.87
• B) $9,113.81
• C) $10,126.45
• D) $10,678.81
• E) $9,574.10

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.