What Is the Present Value of $27 Received at the End

question 29

Multiple Choice

What is the present value of $27 received at the end of each year for five years? Assume a discount rate of 9%. The first payment will be received one year from today (round to the nearest $1) .

• A) $42
• B) $114
• C) $88
• D) $105

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Definitions:

Wrongful Expulsion

An unjust or improper removal or exclusion of an individual from a group, organization, or place.

Implied Authority

The authority of an agent that arises by inference from the words and actions of the principal.

Express Authority

The authority of an agent that arises when the principal explicitly instructs the agent to do something. Also called actual authority.

Equitable Parity Rule

A legal principle ensuring fair treatment of all parties by balancing interests in a judicial or contractual scenario.