Jeff Has the Opportunity to Receive Lump-Sum Payments Either Now

question 33

Multiple Choice

Jeff has the opportunity to receive lump-sum payments either now or in the future.Which of the following opportunities is the best,given that the interest rate is 7% per year?

• A)one that pays $1,000 now
• B)one that pays $1,200 in two years
• C)one that pays $1,500 in five years
• D)one that pays $1,800 in ten years

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The process by which judges and justices are appointed to the federal courts by the President, often with the advice and consent of the Senate.

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