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

question 73

Multiple Choice

Dunston 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

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Definitions:

Repetition

The act or process of doing or saying something again, often used for emphasis, learning, or effect.

Simple Plot

A Simple Plot refers to the basic structure of a narrative with a clear and straightforward sequence of events.

Perspective

A particular attitude towards or way of regarding something; a point of view.

Babbling

Early stage of language development in infants, characterized by repetitive sounds and syllables that precede the formation of recognizable words.