The Present Value of $10,000 to Be Received Ten Years

question 83

Multiple Choice

The present value of $10,000 to be received ten years from now and earning a 12 percent return (rounded) is

• A)$2,200.
• B)$2,484.
• C)$3,160.
• D)$3,220.

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Definitions:

Specific Provisions

Particular clauses or conditions stipulated in a contract or legal document.

Plain Language Rule

A guideline that dictates the use of clear, straightforward language in legal and official documents to ensure they are easily understood by the general public.

Four Corners Rule

A legal principle asserting that the interpretation of a written contract is based solely on the document itself, without considering external evidence.

UCC

The Uniform Commercial Code offers a comprehensive legal structure for the oversight of business interactions throughout the United States.