If the Interest Rate Is 9%, the One-Year Discount Factor

question 68

Multiple Choice

If the interest rate is 9%, the one-year discount factor is equal to ________.

• A) 0.090
• B) 1.090
• C) 0.917
• D) 0.981

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Definitions:

Unconscionable Contract

An agreement that is so unfair or oppressive to one party that it is deemed unjust by the legal system.

Grossly Unfair

A situation or action that is extremely unjust or disproportionate, often violating ethical or legal standards.

Illegal Contract

An agreement that is not enforceable by law because it involves actions that are illegal or it violates legal statutes or public policy.

Breach

A violation or infringement of a law, agreement, or code of conduct.