A Contract Requires Payments of $2,000 and $3,000, 90 Days

question 91

Multiple Choice

A contract requires payments of $2,000 and $3,000, 90 days and 120 days, respectively, from today. What is the value of the contract today if the payments are discounted to yield a rate of return of 12%?

• A) $4,824.06
• B) $4,828.66
• C) $4,831.48
• D) $4,837.87
• E) $5,177.53

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Definitions:

Agonist

A chemical or drug that binds to receptors in the brain and causes a reaction typical of a naturally occurring substance.

Excitatory Neurotransmitter

A chemical substance that promotes the generation of an electrical signal in the receiving neuron.

Psychoneuroimmunology

An interdisciplinary field that studies the interactions between the nervous system and the immune system, and how psychological factors can affect physical health.

Psychological Factors

Pertains to the mental influences that affect an individual's behavior, emotions, and thoughts, including attitudes, beliefs, and motivation.