Using Only the Information in the Table Below,approximately How Much

question 18

Multiple Choice

Using only the information in the table below,approximately how much would you pay today for an investment that pays $0 annual interest,but earns 8% interest over the next four years and has a face value at maturity of $13,500? Present Value Factor for Reversion of $1

• A)$8,000
• B)$9,000
• C)$10,000
• D)$11,000

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Definitions:

Passing of Title

Passing of title refers to the legal process in which ownership of property or goods is transferred from one party to another.

Article 2

in the context of the UCC, governs the sale of goods and provides guidelines for contracts involving the transfer of goods from sellers to buyers.

Chinese Law

The legal system that governs the People's Republic of China, characterized by a combination of statutory law and custom.

District of Columbia

The capital of the United States, Washington D.C., which is not part of any state.