How Much Should You Be Willing to Pay Today If

question 64

Multiple Choice

How much should you be willing to pay today if you would like to earn an annual nominal rate of 4.23% on an investment that will pay you $20,000 seven years from today?

• A)$14,225.23
• B)$14,230.93
• C)$14,365.85
• D)$14,965.14
• E)$27,728.78

---

Definitions:

Parallel Referral Sale

Not only selling a product but also selling the idea of giving prospects’ names as well.

After-Sales Service

Support provided by a company to its customers following the purchase of a product or service, aimed at ensuring customer satisfaction and loyalty.

Referral Cycle

Provides guidelines for a salesperson to ask for referrals in four commonly faced situations experienced by salespeople.

Prospects

Individuals or businesses that are considered likely candidates for the purchase of goods or services, often identified through lead generation efforts.