You Have a Contract with Someone Who Has Agreed to Pay

question 22

Multiple Choice

You have a contract with someone who has agreed to pay you $20,000 in four years.She offers to pay you now instead.For which of the following interest rates and payments would you take the money today?.

• A)8 percent,$15,000
• B)7 percent,$16,000
• C)6 percent,$17,000
• D)All of the above are correct.

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Definitions:

Undue Hardship

A significant difficulty or expense imposed on an employer by accommodating an employee's disability or religious practices, beyond what is deemed reasonable.

Protected Class

Groups of people legally protected from discrimination based on specific characteristics like race, gender, age, or disability.

Collective Agreement

A written contract of employment, typically negotiated by a union representing employees and the employer, outlining terms and conditions of employment.

Human Rights Legislation

Refers to laws and regulations designed to protect individuals' fundamental rights and freedoms from infringement or abuse.