Carol Thomas will pay out $6,000 at the end of the year 2,$8,000 at the end of year 3,and receive $10,000 at the end of year 4.With an interest rate of 13%,how much money does she need to have on hand today to meet her obligations?
A) $4,110
B) $10,243
C) $14,000
D) $4,000

Question

Quizplus · Accepted Answer

The Answer of Carol Thomas will pay out $6,000 at the end of the year 2,$8,000 at the end of year 3,and receive $10,000 at the end of year 4.With an interest rate of 13%,how much money does she need to have on hand today to meet her obligations?
A) $4,110
B) $10,243
C) $14,000
D) $4,000

Carol Thomas Will Pay Out $6,000 at the End of the Year