A lease is all of the following EXCEPT..

A. A conveyance
B. An option
C. A contract
D. An agreement

Answer: B. An option

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Define the federal system.

What will be an ideal response?

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With an interest rate of 5 percent, the present value of $100 received one year from now is approximately

A) $100. B) $105. C) $95. D) $90.

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