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AACE International AACE Certification CCP Question # 49 Topic 5 Discussion

CCP Exam Topic 5 Question 49 Discussion:
Question #: 49
Topic #: 5

Money is value Having money when you need it is very important Money can also be valuable when used wisely by knowing when to spend and when to conserve. Also. planning now for future expenses can be a plus to the company rather than a debit. There are several ways to capitalize money and spending. Basically, there is the single payment mothed that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capita1 recovery factor and also the compound amount factor and present worth factor. At this point, we can assume money is worth 10%.

Which of the following is not one of the requirements to form a contract?


A.

Consideration


B.

Competent parties


C.

Legality of purpose


D.

Agent


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