An $18,000 Payment Due in 300 Days Is to Be

question 47

Multiple Choice

An $18,000 payment due in 300 days is to be replaced by three equal payments now, in 150 days and 250 days. Determine the value of the payments if interest is 10.2% annually, and the focal point is now.

• A) $6,142.51
• B) $5,913.75
• C) $5,823.89
• D) $5,738.38
• E) $5,421.03

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