Two debt payments of $2,000 each are due now and nine months from now. If money is worth 8%, what single payment six months from now is required to settle

Two debt payments of $2,000 each are due now and nine months from now. If money is worth 8%, what single payment six months from now is required to settle the debt?
A) $4,042.34
B) $7,177.27
C) $6,127.48
D) $3,600.00
E) $4,040.78

CategoriesUncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *