Mary Needs to Have $20,000 One Year from Today

question 154

True/False

Mary needs to have $20,000 one year from today.The formula to compute the amount of money that must be invested today is future value ÷ (1 − interest rate).

---

Definitions:

Liability

The condition of having legal accountability, particularly relating to debts or legal duties.

Assumption of The Risk

A legal defense that claims the plaintiff knowingly and willingly took on a dangerous activity or condition which led to injury.

Modified

Altered or changed in form, character, or substance, usually to improve or adapt to different situations.

Intentional Torts

Legal wrongs resulting from actions taken with the intent to cause harm or injury, as opposed to resulting from negligence or accidents.