Frankie's Furniture Mart Has Contracts from One Customer Who Will

Multiple Choice

Frankie's Furniture Mart has contracts from one customer who will pay $4,695 in 5 months and another customer who will pay $7,830 in 7 months. Frankie can sell the contracts today to Vinnie's finance company at a discount rate of 23.5%. How much money will Vinnie pay to Frankie today for the two contracts?

A) $11,162
B) $11,208
C) $12,525
D) $13,705
E) $14,058