Multiple Choice
You have an investment that will mature in 33 months and have a value of $4300. You need some quick cash and decide to sell today at a discount rate of 8.2% compounded quarterly. What is the cash value?
A) $4339.74
B) $3439.74
C) $3339.74
D) $3539.74
E) $3669.74
Correct Answer:
Verified
Correct Answer:
Verified
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