Multiple Choice
Two debt payments of $2,000 each are due now and nine months from now. If money is worth 8%, what single payment six months from now is required to settle the debt?
A) $4,042.34
B) $7,177.27
C) $6,127.48
D) $3,600.00
E) $4,040.78
Correct Answer:
Verified
Correct Answer:
Verified
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