Someone has offered you the opportunity to purchase an IOU. The IOU will pay back a total of $500 in three years. How much would you be willing to pay for that IOU today if you want to earn an annual rate of return of 16%?
A) $320.33
B) $422.63
C) $292.63
D) $380.45
Answer: A
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A replevin action is available whenever the goods have been identified to the contract
Indicate whether the statement is true or false
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