Adrian Sent an Offer to Sehar by Mail to Sell

question 70

Multiple Choice

Adrian sent an offer to Sehar by mail to sell him a used computer monitor for $125. An appropriate response accepting this offer is first effective to form a contract when​

• A)Sehar's acceptance arrives at the Adrian's.
• B)Sehar decides to accept.
• C)Sehar's acceptance is put in an envelope to mail.
• D)Sehar mails his letter of acceptance.

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Definitions:

Future Value

The value of an investment or asset at a specific future date, accounting for specified interest rates or returns.

Present Value

The today's value of a sum of money expected in the future or successive cash flows, considering a determined rate of return.

Compound Interest

Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Future Value

An estimated future value of a present asset, projected by applying an anticipated growth rate over time.