An owner lists a home for sale with XYZ Realty, with instructions to submit the listing to the multiple listing service and invite other brokers to help find a buyer. This is an example of a:

a. dual agency
b. subagency
c. implied agency
d. buyer's agency

Answer: b. subagency

Business

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You have been accepted into a prestigious private university in Southern California - congratulations! Since no one from this school has ever graduated in only four years, you anticipate that you will need to make 10 semi-annual tuition payments of

$25,000 each with the first cash flow six months from today. If you choose to discount these cash flows at an annual rate of 6%, what is the present value cost of tuition to attend your university of choice? A) $186,814.54 B) $184,002.18 C) $250,000.00 D) $213,255.07

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