You Have a Goal of Having $100,000 Five Years from Today.The

question 108

Multiple Choice

You have a goal of having $100,000 five years from today.The return on the investment is expected to be 8% and will be compounded semiannually.The amount that needs to be invested today is closest to:

• A)$67,556.
• B)$56,420.
• C)$71,195.
• D)$35,034.

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Definitions:

Misrepresentation

A false statement or lie that deceives, misleads, or misinforms someone, often leading to contractual agreements based on incorrect information.

Contract Voidable

A legal agreement that can be legally declared invalid or unenforceable by one or more of the parties involved due to specific reasons, such as misrepresentation or duress.

Nondisclosure

An obligation not to reveal certain information to unauthorized individuals or parties.

Breach Of Contract

Breaching any of the accepted terms and conditions within a legally binding agreement.