Which Column (I)and Row (N)would You Use from a Present

question 22

Multiple Choice

Which column (i) and row (n) would you use from a present value or future value table for 8% interest compounded quarterly for 6 years?

• A)(i)= 2%,(n)= 8
• B)(i)= 8%,(n)= 6
• C)(i)= 2%,(n)= 24
• D)(i)= 4%,(n)= 12
• E)(i)= 4%,(n)= 24

---

Definitions:

First Party

The entity or individual directly involved in a transaction or legal agreement, such as the buyer in a purchase agreement.

Warranty Liability

Legal obligation arising from a promise or assurance given by a seller that certain statements about a product or service are true or will be met.

Bearer Instrument

A financial document that entitles the holder or bearer to the rights or assets it represents, without the need to prove ownership.

Signature

A person's handwritten mark or sign, typically used for authorization or as a form of identification in documents.