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Uncle Roscoe,a wealthy relative,has given you a choice of receiving $10,000 today or $3,000 at the end of each year for the next four years.Which table factor(s) should be used to most efficiently determine the "value" of the $3,000 cash-flow stream?
Necessity
A term that can refer to a state of being required or indispensable, or, in legal terms, a defense that asserts an act was done out of a need to prevent a greater harm.
Grant Deeds
A legal document used to transfer ownership of real property from the seller (grantor) to the buyer (grantee).
Bargain and Sell
A term used in real estate and contract law to refer to a type of conveyance or transfer of property ownership, often without the formalities of a traditional sale.
Convey
To transfer or deliver title, interest, or property from one person to another through a deed or other document.
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