Multiple Choice
What single payment one year from now will satisfy two obligations: $4,000 due today and $6,000 due 18 months from now? Assume that money can earn 14%.
A) $5,083.74
B) $5,000.00
C) $10,980.00
D) $10,167.48
E) $5,490.00
Correct Answer:
Verified
Correct Answer:
Verified
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