If the Interest Rate Is 10 Percent Per Year,the Present

question 116

Multiple Choice

If the interest rate is 10 percent per year,the present value of $100 in two years is

• A)$80.00.
• B)$82.64.
• C)$90.91.
• D)$120.00.
• E)$121.00.

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Definitions:

Requirement of Writing

A legal principle that certain contracts or agreements must be in written form to be legally valid.

Third-Party Agreement

A legally binding contract that involves a party outside of the two primary entities involved in a transaction or agreement.

Restricting Competition

Practices or agreements that limit free competition in the marketplace, often scrutinized under antitrust or competition laws.

Void

A term describing a contract or legal agreement that is null, having no legal force or effect, and therefore unenforceable.