Multiple Choice
What payment 5 months from now would be equivalent in value to a $4,000 payment due today and a $3,000 payment due 7 months from now? Money can earn 6.5%.
A) $7,455.01
B) $6,923.82
C) $7,189.58
D) $7,076.18
E) $6,544.98
Correct Answer:
Verified
Correct Answer:
Verified
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