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

question 79

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
• E)one that pays $5,000 in 25 years

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Definitions:

Language

Is a system of communication that involves the use of words in a structured and conventional way, allowing individuals to express ideas, emotions, and thoughts.

Marijuana

A psychoactive drug derived from the Cannabis plant, used for medicinal or recreational purposes.

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The mental processes involved in gaining knowledge and comprehension, including thinking, remembering, and problem-solving.

Prenatal Use

Prenatal use typically refers to the consumption of substances, medications, or other practices engaged in by a pregnant woman that could affect her health and/or the health of her unborn baby.