Mr and Mrs

question 79

Short Answer

Mr. and Mrs. Chan are considering two offers on a building lot that they own in a nearby town. One is for $49,000, consisting of $10,000 down and the balance to be paid in a lump payment in eight months. The second is for $50,000, with $10,000 down and the balance to be paid in 1 year. What rate of return must money earn for Mr. and Mrs. Chan to be indifferent between the two offers?

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Definitions:

Biological Sex

The classification of human beings, typically as male or female, based on physiological and genetic characteristics.

Gender Role

The set of behaviors associated with widely shared expectations about how males or females are supposed to act.

Gender Identity

One’s identification with, or sense of belonging to, a particular sex—biologically, psychologically, and socially.

Heterosexuality

A sexual orientation characterized by a romantic or sexual attraction between individuals of the opposite sex.