Multiple Choice
Mr.Harry Leggs borrows $5000 today,due with interest at j4 = 8% in one lump sum at the end of 2 years.Instead,Mr.Leggs wishes to pay $2000 six months from today and $X in 18 months.If money is worth j12 = 6%,what is X?
A) $3252.09
B) $3346.29
C) $3465.95
D) $3562.23
Correct Answer:
Verified
Correct Answer:
Verified
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