What Is the Present Value of a Payment of $100

question 173

Multiple Choice

What is the present value of a payment of $100 one year from today if the interest rate is 5 percent?

• A)$95.50
• B)$95.24
• C)$95.00
• D)None of the above are correct to the nearest penny.

Understand enforceability conditions of oral promises in specific situations.

Comprehend the statute of frauds and its application to various agreements.

Recognize the importance of writing in making certain agreements enforceable.

Identify the requirements for electronic records and signatures under E-Sign and the Uniform Electronic Transactions Act.

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Definitions:

Buying And Selling

Buying and Selling is the basic exchange activity in which goods or services are exchanged for money, forming the backbone of commerce and economic systems.

Wiki

A website on which anyone can post material and make changes to other material.

Posted By Users

Content or information shared on a platform or system by its users rather than its owners or administrators.

Social Capital

The number of connections a person has within and between social networks.