Multiple Choice
You have an investment that will mature in 20 months with the value of $2500. You need some quick cash and decide to sell it today at a discount rate of 10% compounded quarterly. What is the cash value?
A) $659.23
B) $2009.63
C) $2120.54
D) $2299.63
E) $2219.63
Correct Answer:
Verified
Correct Answer:
Verified
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