Dunston Company Will Receive £200,000 in a Future Year

question 43

Multiple Choice

Dunston Company will receive £200,000 in a future year. If the future receipt is discounted at an interest rate of 10%, its present value is £102,632. In how many years is the £200,000 received?

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

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Definitions:

Career Maturity

The level of a person's readiness and competence in making career-related decisions.

Career Development

The progression and growth of an individual’s career over time, involving changes in roles, responsibilities, and skill enhancement.

Career Concern

Worries or considerations related to one's professional development, job security, or advancement in their field.

Self-construction

The process through which individuals build their identity and sense of self based on their experiences, beliefs, and interactions.