You Owed $700

Multiple Choice

You owed $700.00 35 days ago, and you missed the payment. You also owe an additional $600 in 5 months. What single equivalent value is due if your focal date is today and you are paying at an interest rate of 8.46% on your debt?

A) $1403.83
B) $1304.83
C) $1204.83
D) $1503.83
E) $1285.25