Your University Is Running a Special Offer on Tuition

question 86

Multiple Choice

Your university is running a special offer on tuition.This year's tuition cost is $16,000.Next year's tuition cost is scheduled to be $16,640.The university offers to discount next year's tuition at a rate of 4% if you agree to pay both years' tuition in full today.How much is the total tuition bill today if you take the offer?

• A)$33118
• B)$32,981
• C)$32,080
• D)$32,000

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Definitions:

Anticipatory Breach

A situation where one party indicates by words or actions that they will not fulfill their contractual obligations.

Performance Risk

The possibility of a party failing to fulfill their obligations under a contract, leading to performance failure.

Warranty

A guarantee, often given by a seller to a buyer, assuring certain conditions or the quality of a product or service.

Manufacturer Responsibility

The legal and moral obligation of producers to ensure their products are safe and meet certain standards.