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

question 185

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

---

Definitions:

Dreams

A series of thoughts, images, and sensations occurring in a person's mind during sleep, often reflecting subconscious content or processing of daily experiences.

Information Processing

The series of actions or steps taken to acquire, modify, store, and use data or information.

Dream Theory

A conceptual framework that seeks to understand the meaning, origins, and functions of dreams.

Drug Intoxication

The physical and mental state caused by the consumption of substances at levels that impair functioning.