Multiple Choice
Dion is supposed to pay Kristy $3500 on April 20, but delays the payment until July 1. What amount should Dion expect to pay on July 1, if Kristy can earn 8.25% on a low-risk investment?
A) $3788.75
B) $3557.75
C) $3556.96
D) $3556.17
E) $3500
Correct Answer:
Verified
Correct Answer:
Verified
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