What Is the Value Today of Receiving $2,500 at the End

question 42

Multiple Choice

What is the value today of receiving $2,500 at the end of three years,assuming an interest rate of 9% compounded annually?

• A)$1,984.
• B)$1,930.
• C)$2,104.
• D)$3,238.

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Definitions:

Violating

The action of violating or not adhering to a regulation, pact, or statute.

Rule Of Reason

A legal principle in antitrust law that evaluates the legality of business practices based on their overall impact on competition, rather than deeming them inherently unlawful.

Sherman Act

A landmark federal statute in U.S. antitrust law passed in 1890 which prohibits monopolistic practices and has been used to regulate competition among enterprises.

Reliable Guidance

Advice or instructions that are dependable and trustworthy, often based on expertise or authoritative sources.