Multiple Choice
Two payments of $49 000 each must be made 3 year and 5 year from now. If money can earn 4.9% compounded monthly, what single payment 3 years from now would be equivalent to the two scheduled payments?
A) $93 435
B) $98 000
C) $88 869
D) $105 742
E) $101 177
Correct Answer:
Verified
Correct Answer:
Verified
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