Which of the Following Decisions Would Involve the Use of the Future

question 7

Multiple Choice

Which of the following decisions would involve the use of the future value of $1? Select all that apply.

• A) Your brother buys your car and offers to pay you $500 now or $1,500 in two years.
• B) You win a lawsuit and are offered a lump-sum payment today of $100,000 or $15,000 a year for 20 years.
• C) Your father and mother wish to deposit enough money on the date of your high school graduation to enable you to take a cruise that will cost $7000 when you graduate from college in 4 years.
• D) You want to have $1,000,000 in order to retire at age 55, but need to know how much you will need to deposit each year from now until your 55th birthday.

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Definitions:

Sexual Assault

Any non-consensual sexual act or behavior towards an individual, a serious crime that impacts victims profoundly and has legal and social repercussions.

Floride Calhoun

The wife of John C. Calhoun, an influential American statesman and political theorist, and a notable figure in the social politics of her time.

Personal Honor

A person's sense of integrity and dignity, often associated with maintaining one's reputation and moral character.

Proslavery Argument

The series of arguments defending the institution of slavery in the South as a positive good, not a necessary evil. The arguments included the racist belief that black people were inherently inferior to white people, as well as the belief that slavery, in creating a permanent underclass of laborers, made freedom possible for whites. Other elements of the argument included biblical citations.