Multiple Choice
$7,500 was due 3 months ago. It is now to be repaid in three equal payments in 4, 8 and 10 months from now. If interest is 3.85% annually, determine the value if the focal date is in 4 months.
A) $2,583.98
B) $2,678.32
C) $2,781.42
D) $2,934.55
E) $3,122.68
Correct Answer:
Verified
Correct Answer:
Verified
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