If You Were Able to Earn 10% P

question 17

Multiple Choice

If you were able to earn 10% p.a.interest on money invested in a bank,how much money would you be willing to receive in 12 months' time,rather than $1000 now,so that you are indifferent between the two options?

• A)$1500
• B)$909
• C)$900
• D)$1100

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Definitions:

Proposal

A formal offer or plan put forward for consideration or discussion by others.

Work Plan

A detailed proposal of how to accomplish a project or task, including the stages, tasks, resources, timelines, and responsibilities involved.

Customers List

A compilation of information about customers who have engaged with a business, often used for marketing or customer service purposes.

Products and Services List

An organized inventory of the items and services offered by a business, often included in financial, sales, and operational documents.