You Have a Contract with Someone Who Has Agreed to Pay

question 22

Multiple Choice

You have a contract with someone who has agreed to pay you $20,000 in four years.She offers to pay you now instead.For which of the following interest rates and payments would you take the money today?.

• A)8 percent,$15,000
• B)7 percent,$16,000
• C)6 percent,$17,000
• D)All of the above are correct.

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Definitions:

Gatekeeper

An individual or entity that controls access to something, often referring to decision-makers in businesses who control the flow of information or access to resources.

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Businesses specialized in repairing and maintaining vehicles, including cars, trucks, and motorcycles.

Product

Anything provided to a market to fulfill a desire or requirement, encompassing tangible products, services, experiences, occasions, individuals, locations, real estate, entities, data, and concepts.