The Present Value of £2,000 to Be Received Three Years

question 5

Multiple Choice

The present value of £2,000 to be received three years from now and earning a 12 per cent return is

• A)£1,424.
• B)£1,760.
• C)£2,440.
• D)£2,720.

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Definitions:

Cooperative Document

A written agreement used in collaborative arrangements to outline the responsibilities and expectations of all parties involved.

Labor-Management Relationship

The dynamics between employees (and their representatives) and employers, focusing on negotiation, cooperation, and conflict resolution.

Union Commitment

The dedication and loyalty members demonstrate towards their union, often reflecting in active participation and support for union activities and goals.

Bargaining Rights

Rights that allow employees and their representatives to negotiate terms and conditions of employment with the employer.