To Find the Present Value of $1000 Discounted for 20

question 52

Multiple Choice

To find the present value of $1000 discounted for 20 years at 8%, when using a financial calculator, the correct entry is [blank].

• A)N=20, i=.08, PMT=0, FV=1000, solve for PV
• B)N=20, i=8, PMT=0, FV=1000, solve for PMT
• C)N=20, i=.08, PMT=0, PV=1000, solve for FV
• D)N=20, i=8, PMT=0, FV=1000, solve for PV

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Definitions:

Minority Group

A subgroup of people who, based on physical or cultural traits, are differentiated from and less powerful than the dominant group in a society.

Token

A piece that represents something else, such as a coin representing monetary value or a symbol representing an idea or quality.

Lower Self-Esteem

Refers to a lower regard for one’s own worth or value.

Frustration-Aggression Hypothesis

A theory suggesting that aggression is often the result of frustration caused by blocked goals.