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    If Money Is Worth 14 %, What Payment on August
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If Money Is Worth 14 %, What Payment on August

Question 144

Question 144

Multiple Choice

If money is worth 14 %, what payment on August 29 would be equal in value to a payment of $86,900 due on January 31 of the following year?


A) $74,734
B) $92,066
C) $81,734
D) $76,519
E) $82,024

Correct Answer:

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