Multiple Choice
$12,000 due today is to be replaced by three equal payments in 30, 60 and 90 days from today. If interest is 8.4% annually, determine the value of the payments. Use a focal date of today.
A) $4,055.87
B) $4,165.26
C) $4,276.65
D) $4,387.42
E) $4,598.57
Correct Answer:
Verified
Correct Answer:
Verified
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