Multiple Choice
Jacob's friend, Albert, borrows today with a promise to repay $7,418.87 in four years. If Jacob could earn 5.45 percent annually on the any investment he makes today, how much would he be willing to lend Albert today? (Round to nearest dollar.)
A) $6,000
B) $7,035
C) $6,500
D) $7,150
Correct Answer:
Verified
Correct Answer:
Verified
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