How Much Would $10,000 Due in 50 Years Be Worth

question 104

Multiple Choice

How much would $10,000 due in 50 years be worth today if the discount rate were 7.5%?

• A) $285.02
• B) $217.80
• C) $266.20
• D) $268.89
• E) $204.36

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Definitions:

Legally Binding

Refers to an agreement or contract that is enforceable by law, where all involved parties are obligated to fulfill the terms.

Court Opinion

A formal statement written by a judge or a court of law detailing the reasoning behind a verdict in a case.

Dicta

Comments made by a judge in a court opinion that are not essential to the decision and therefore not legally binding as precedent.

Court's Statements

Official pronouncements or declarations made by a judge or court of law regarding a legal matter or case.