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Patrick Has a Contract That Will Pay Him $3,500 in 11

Question 14

Multiple Choice

Patrick has a contract that will pay him $3,500 in 11 months. If money can earn 15%, what will be the value of that contract three months from now?


A) $2,975
B) $3,077
C) $3,150
D) $3,182
E) $3,355

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