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Payments of $100,000 and $150,000 Are Due to Be Paid

Question 237

Multiple Choice

Payments of $100,000 and $150,000 are due to be paid in 45 days and 75 days respectively. If money is worth 7.3%, what is the combined economic value today of the two payments?


A) $574,734
B) $246,891
C) $249,452
D) $276,519
E) $229,567

Correct Answer:

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