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 5 years from now would be equivalent to the two scheduled payments?
A) $98 117
B) $98 000
C) $103 034
D) $105 742
E) $101 177
Correct Answer:
Verified
Correct Answer:
Verified
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