What Is the Value in Year 7 of a $700

question 92

Multiple Choice

What is the value in year 7 of a $700 cash flow made in year 3 when the interest rates are 10 percent?

• A) $478.11
• B) $980.00
• C) $1,024.87
• D) $1,364.10

---

Definitions:

Formal Service

A process in legal proceedings that involves the official delivery of documents to inform a person of legal actions or proceedings against them.

Jurisdictions

The official power to make legal decisions and judgments, often referred to in context of geographical area or scope of legal authority.

Liability

The state of being legally responsible (liable) for something, such as a debt or obligation.

Jury

A group of citizens convened to render an impartial verdict (a finding of fact on a question) officially submitted to them by a court.