Two Payments of $8,000 in 60 Days and $5,000 in 90

question 221

Multiple Choice

Two payments of $8,000 in 60 days and $5,000 in 90 days are to be replaced by a payment now and another payment of $2,500 in 30 days. If interest is 7.3% annually, determine the value of the payment now.

• A) $10,658.12
• B) $10,522.44
• C) $10,485.31
• D) $10,331.64
• E) $10,280.48

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Definitions:

Customer Service

The assistance and support provided by a company to those people who buy or use its products or services.

Customer-Touching

Technologies that allow customers to interact directly with a company's website or services, enhancing customer experience.

CRM Application

A software tool used by companies to manage interactions with current and potential customers, streamline processes, and improve profitability.

CRM Solution

A technology for managing all a company's relationships and interactions with current and potential customers to improve business relationships.