You Receive $100 Today,$200 in One Year,and $300 in Two

question 93

Multiple Choice

You receive $100 today,$200 in one year,and $300 in two years.If you deposit these cash flows into an account earning 12 percent,the value in the account three years from now is ________.

• A)less than $600
• B)$649
• C)$727
• D)$815

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Definitions:

Decision

A choice made from among available alternatives in a process of judgment or problem-solving.

Clear And Present Danger

A legal doctrine used to determine under what circumstances limits can be placed on First Amendment freedoms of speech, press, or assembly.

Supreme Court

The highest federal court in the United States, with the ultimate authority in interpreting the U.S. Constitution and federal laws.

Civil War Amendments

Refers to the 13th, 14th, and 15th amendments to the United States Constitution, which abolished slavery, granted citizenship rights, and protected voting rights post-Civil War.