You Have a Contract with Someone Who Has Agreed to Pay

question 157

Multiple Choice

You have a contract with someone who has agreed to pay you $20,000 in four years.She offers to pay you now instead.For which of the following interest rates and payments would you take the money today?.

• A)8%, $15,000
• B)7%, $16,000
• C)6%, $17,000
• D)All of the above are correct.

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Definitions:

Fibrous Joints

Joints made of connective tissue containing many fibers, which are mainly involved in providing stability and allowing little to no movement between bones.

Skull

The bone structure forming the head, protecting the brain and supporting the facial structure.

Breastplate

A piece of armor covering the chest, used historically by soldiers for protection in battle.

Rib Cage

The set of bones surrounding the chest that protects vital organs such as the heart and lungs.