Compute the Present Value of $50,000, Invested for Six Years

question 125

Multiple Choice

Compute the present value of $50,000, invested for six years at 9%. Present value of $1:

• A) $38,133
• B) $25,300
• C) $34,300
• D) $29,800

---

Definitions:

Real Estate Provision

A clause or section in a contract or law that pertains specifically to property transactions, management, or regulations.

Insurance

A financial product that provides protection against potential future losses or damages in exchange for a premium.

Oral Contract

A verbal agreement between parties that is legally binding.

Statute of Frauds

A rule in law that mandates specific contract types must be written and signed to be legally binding.