You Currently Owe $1400 Today and $2317 in 195 Days

question 39

Multiple Choice

You currently owe $1400 today and $2317 in 195 days at a rate of interest of 7%. What is the single equivalent payment 150 days from today?

• A) $2297.18
• B) $2297.81
• C) $2279.18
• D) $2279.81
• E) $3737.45

---

Definitions:

Chemical Weathering

Chemical reactions that affect a rock or other material by breaking down minerals and removing soluble material from the rock.

Physical Weathering

The physical breaking or disintegration of rocks when exposed to the environment.

Sedimentary Environments

Areas where sediment is deposited on the Earth's surface, including lakes, rivers, deserts, and marine settings, each of which leaves distinct geological records.

Topography

The arrangement of the natural and artificial physical features of an area, including its relief, and any landforms and bodies of water.