You Are Supposed to Receive $2,000 fiVe Years from Now

question 208

Multiple Choice

You are supposed to receive $2,000 five years from now. At an interest rate of 6%, what is that $2,000 worth today?

• A) $1,491.97
• B) $1,492.43
• C) $1,494.52
• D) $1,497.91
• E) $1,499.01

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Definitions:

Lawyers

Legal professionals who advise and represent individuals, businesses, and government agencies on legal issues and disputes.

Recognition Strike

A work stoppage by employees to compel an employer to recognize their union as the official bargaining agent.

Unions

Organizations formed by workers to protect their rights, improve their working conditions, negotiate wages, and advocate for members’ interests.

Negotiate

The process of discussing, debating, and eventually reaching an agreement or compromise between parties with different interests or perspectives.