Present Value Given a 5 Percent Interest Rate,compute the Present

question 31

Multiple Choice

Present Value Given a 5 percent interest rate,compute the present value of deposits made in years 1,2,3,and 4 of $1,000,$1,400,$1,400,and $1,500.

• A)$4,360.32
• B)$4,665.65
• C)$5,047.62
• D)$5,305.00

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Definitions:

Title Search

A title search is a process conducted to verify the legal ownership of property and to ensure there are no liens, encumbrances, or disputes over the property's title before its sale or transfer.

Chronological Record

A sequential documentation of events in the order of their occurrence.

Ownership

The state or fact of legal possession and control over property, which includes the rights to use, enjoy, and dispose of the property.

Effective Deed

A legal document that transfers ownership of real property and becomes valid once it is executed according to laws and delivered to the grantee.