Sheeley Company Will Receive $100,000 in a Future Year

question 59

Multiple Choice

Sheeley Company will receive $100,000 in a future year.If the future receipt is discounted at an interest rate of 10%, its present value is $51,316.In how many years is the $100,000 received?

• A)5 years
• B)6 years
• C)7 years
• D)8 years

---

Definitions:

Benzene

A chemical compound used in manufacturing and known for its carcinogenic properties; often found in oil, gasoline, and cigarette smoke.

Resource Conservation

The practice of managing the use of natural resources wisely to ensure their availability and quality for future generations.

Recovery Act

Refers to legislative acts aimed at promoting economic recovery, such as the American Recovery and Reinvestment Act of 2009 designed to stimulate the U.S. economy during a recession.

Prosecute Violators

To legally pursue and bring formal charges against individuals or entities that have broken the law.