In 2003,two U

question 142

Multiple Choice

In 2003,two U.S.Supreme Court decisions-Grutter v.Bollinger and Gratz v.Bollinger-made it legal to use______________as a factor for universities to grant preferential treatment in admissions.

• A)age
• B)gender
• C)national origin
• D)race

---

Definitions:

Discounted

The process of determining the present value of a payment or a series of payments that will be made in the future, taking into consideration a specific interest rate.

Discounted

The process of determining the present value of a future amount, or stream of payments, by applying a discount rate.

Maturity Value

The total amount payable to an investor at the end of a fixed-term investment, including principal and interest.

360-Day Year

A conventional method in finance for simplifying interest calculations, assuming a year has 360 days.