Below Is a Table for the Present Value of $1

question 158

Multiple Choice

Below is a table for the present value of $1 at compound interest. Below is a table for the present value of an annuity of $1 at compound interest.
Using the tables above, if an investment is made now for $23,500 that will generate a cash inflow of $8,000 a year for the next 4 years, what would be the net present value of the investment, assuming an earnings rate of 10%?

• A) $23,500
• B) $16,050
• C) $25,360
• D) $1,860

Understand the rights and obligations of assignors, assignees, obligors, and obligees in the context of assigned contracts.

Recognize the legal consequences of not notifying parties involved in an assignment.

Comprehend the specific situations when special types of contracts (e.g., negotiable instruments, personal service contracts, insurance policies) have unique rules for assignment and delegation.

Be aware of the legal remedies available to parties when a contract is breached by one of the parties or when a third party beneficiary's rights are violated.

---

Definitions:

Narrows

A geographical feature where a body of water is constricted between two landforms.

Bedridden

A state in which a person is unable to rise from bed due to illness or disability.

Eccentric Tension

A type of muscle contraction where the muscle elongates while under tension, often engaged during the lowering phase of a lift.

Isotonic Contraction

A type of muscle contraction in which the muscle changes length while the tension remains constant, typically involved in lifting and moving objects.