Use the Following Information to Answer the Question(s)below

question 53

Multiple Choice

Use the following information to answer the question(s) below.Consider the following four alternatives:
1.$132 received in two years.
2.$160 received in five years.
3.$200 received in eight years.
4.$220 received in ten years.
-The ranking of the four alternatives from most valuable to least valuable if the interest rate is 7% per year would be:

• A)1,2,3,4.
• B)4,3,2,1.
• C)3,4,2,1.
• D)3,1,2,4.

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Definitions:

Trial Period

A specific duration during which a product or service is tested or used before deciding to continue or terminate its use.

Real Estate Broker

A licensed professional who acts as an intermediary between buyers and sellers of real estate, often earning a commission for facilitating transactions.

Breach of Contract

The incapacity to fulfill any condition of a contract, whether it's written or spoken, in the absence of a justified legal reason.

Negligently Fails

The lack of due care or attention in fulfilling a responsibility or duty, resulting in harm or damage.