Multiple Choice
A $2,000 payment due 2 years ago and another $4,000 payment 18 months from now are to be replaced by a lump sum payment in 3 years. Using the financial functions on the calculator, determine the value of this payment if interest is at 2.4% compounded quarterly.
A) $6,000.34
B) $6,100.34
C) $6,200.34
D) $6,300.34
E) $6,400.34
Correct Answer:
Verified
Correct Answer:
Verified
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