A Dollar Received Today Is Worth

question 40

Multiple Choice

A dollar received today is worth

• A)less than a dollar received in the future discounted at 12% interest.
• B)more than a dollar received at any time in the future.
• C)less than a dollar received in the future if the current interest rate is lower than the anticipated future interest rate.
• D)a dollar times the future value interest rate.

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Definitions:

Partial

Relating to or affecting only a part; not total or complete.

Quiet Enjoyment

A legal principle that assures the possessor of a property or tenant the right to use the property without interference from the landlord or others with superior title.

Eviction

The legal process through which a tenant is forced to leave the property they are renting.

Interference

In legal contexts, actions that improperly obstruct or prevent an activity or process, such as contract performance or business operations.