If You Invest $100 and Receive a 12% APR (Annual

question 14

Multiple Choice

If you invest $100 and receive a 12% APR (annual percentage rate) ,what will your balance be at the end of the year?

• A)$121.12
• B)$121.00
• C)$112.00
• D)$100.12

Comprehend the concept of consideration and its requirements for a valid contract.

Recognize the features of an illusory promise and its implications on contract enforcement.

Identify the conditions under which a promise to pay a previous debt is enforceable.

Understand the impact of options to cancel on the enforceability of promises.

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Definitions:

Rice

A staple food grain consumed by a large portion of the world's population, particularly in Asia.

Resource Endowments

The natural resources, labor force, and capital that a country possesses, which can affect its economic development.

Crude Oil

Crude oil is a natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a primary energy source and raw material for various products.

Diamonds

Valuable gemstones that are often used in jewelry and have significant industrial applications due to their hardness.