A Company Owes $100,000 at the End of 1-Month and Another

question 115

Multiple Choice

A company owes $100,000 at the end of 1-month and another $200,000 at the end of 11-months.Instead,they wish to consolidate their loans and make one single payment of $X at the end of 6 months.It is agreed that the end of 5-months will be the focal date.If the interest is r = 12%,what is the value of X?

• A)$295,476.19
• B)$295,606.04
• C)$300,000.00
• D)$295,941.49

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Definitions:

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