Molly Will Receive an Insurance Settlement of $2, 000, 000

question 3

Multiple Choice

Molly will receive an insurance settlement of $2, 000, 000 in six years.Randal is willing to give her a lump sum today in return for the payment in six years.If current interest rates are 12% per year, how much will Molly receive today?

• A)$ 960, 637
• B)$1, 013, 262
• C)$1, 116, 790
• D)$1, 186, 903

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Definitions:

Input Devices

Input devices are peripherals used to provide data and control signals to a computer, such as keyboards, mice, and scanners.

Digitizer

A device or software that converts analog information into digital form, often used in the context of touchscreens and drawing tablets to interpret touch or stylus input.

Calibrate

The process of adjusting the performance of a device, often to align it with a specific standard, ensuring accuracy and efficiency.