It Will Take Approximately 18

question 1

True/False

It will take approximately 18.8 years for a $100 deposit to result in a future value of $600 if I can earn 10% on my deposit.

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Definitions:

Reverts

Returns to a previous state or condition, often after a temporary change.

Real Property

Land and anything permanently attached to it.

Repudiates

The act of refusing to acknowledge, accept, or support something; in a contract context, it refers to the denial of a contractual obligation.

Distrains

The act of legally seizing someone's property as a way to secure the payment of debts or obligations.