Solved

If $4,000 Is to Be Paid Now

Question 245

Multiple Choice

If $4,000 is to be paid now. What amount would be equivalent 97 days earlier given an interest rate of 4.25% per year?

A) $3,955.33
B) $3,844.22
C) $3,733.11
D) $3,622.00
E) $4,421.67

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