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You Currently Owe $1400 Today and $2317 in 195 Days

Question 39

Multiple Choice

You currently owe $1400 today and $2317 in 195 days at a rate of interest of 7%. What is the single equivalent payment 150 days from today?


A) $2297.18
B) $2297.81
C) $2279.18
D) $2279.81
E) $3737.45

Correct Answer:

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