Multiple Choice
What is the discounted value of $9900.00 due in five years, seven months if money is worth 2.2% compounded quarterly.
A) $9031
B) $9118
C) $6855
D) $6876
E) $8757
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q67: A twenty-year note for $1000.00 bearing interest
Q68: A ten-year promissory note dated April 1,
Q69: An investment of $4300.00 earns interest at
Q70: Albert made investments of $1000 each for
Q71: You borrow $4750 at a rate of
Q73: Loans of $1600.00, $8300.00, and $12 100.00
Q74: Find the compound amount of $5700.00 at
Q76: Arjun has taken a loan and debt
Q77: Find the present value and the compound
Q85: Use the exact method to determine the