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:

Drug Toxicity

The harmful effects caused by the excessive consumption or exposure to chemical substances or pharmaceuticals.

Rehabilitation

A comprehensive program designed to restore someone to good health or to an optimal functional level following illness, injury, or surgery.

Obesity Prevention

Strategies and practices aimed at helping individuals maintain a healthy weight and prevent excessive weight gain.

Family Meals

Sharing meals among family members at home, which can foster better communication, nutrition, and eating habits.