19)

What is the present worth of $15,000 to be received 10 years from today at a discount rate of 9% compounded annually? Choose the answer closest to your calculation.

$13,650

B)

$1,500

C)

$15,000

D)

$6,336

20)

A tenant has the freedom to move when desired, without consequences,

A)

under a graduated lease.

B)

in the absence of a lease.

C)

under a percentage lease.

D)

due to the rights of tenancy.