The Present Value of $250,000 Received in 10 Years at 2

question 1

Multiple Choice

The present value of $250,000 received in 10 years at 2 percent interest is approximately:

• A)$205,087.
• B)$212,051.
• C)$305,194.
• D)$195,085.

Recognize the need for setting long-term and short-term goals for academic success.

Understand the concept of contractual capacity and its implications for minors and mentally incapacitated individuals.

Recognize the enforceability of exculpatory clauses and noncompete agreements and their limitations.

Identify the conditions under which contracts can be disaffirmed by minors.