Multiple Choice
You have a contract with someone who has agreed to pay you $20,000 in four years.She offers to pay you now instead.For which of the following interest rates and payments would you take the money today?.
A) 8 percent,$15,000
B) 7 percent,$16,000
C) 6 percent,$17,000
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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