If You Were Offered the Chance of an Investment in a Mango

question 21

Multiple Choice

If you were offered the chance of an investment in a mango orchard in North Queensland and you were promised a return of $12 000 at the end of each year for the next 10 years,what is the maximum amount you would be prepared to pay for such an investment if you required a return of 12 per cent?

• A)$107 143
• B)$210 584
• C)$87 603
• D)$120 000
• E)$67 803

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Definitions:

Public Assistance

Government programs designed to provide financial aid or services to individuals or families in need, often based on income criteria.

Food Stamps

Government-issued vouchers that can be used to purchase groceries at retail stores, intended to help low-income families afford food.

Poor

Lacking sufficient money to live at a standard considered comfortable or normal in a society.

Female-Headed Households

Households that are led by a female as the primary decision-maker or head of the household.