Two Payments of $49 000 Each Must Be Made 3

question 169

Multiple Choice

Two payments of $49 000 each must be made 3 year and 5 year from now. If money can earn 4.9% compounded monthly, what single payment 5 years from now would be equivalent to the two scheduled payments?

• A) $98 117
• B) $98 000
• C) $103 034
• D) $105 742
• E) $101 177

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Definitions:

Memory Decline

The gradual reduction in the ability to remember and recall information, often associated with aging or neurological conditions.

Cardiovascular Activity

Physical exercise that increases the heart rate and blood circulation throughout the body, often recommended for improving heart health.

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A condition characterized by severe loss of bone mass, leading to increased risk of fractures.

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An individual's or group's economic and sociological position relative to others, based on income, education, and occupation.