Debbie has two promissory notes payable to her. The first one will mature in five years at $42,371 and the second one will mature in eight years at $78,529. What amount can she expect to receive from the Lansky Finance Company if, one year from now, she sells both of the notes to them at a discount rate of 19% compounded annually?
A) $37,283
B) $44,367
C) $78,154
D) $39,028
E) $57,413

Question

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The Answer of Debbie has two promissory notes payable to her. The first one will mature in five years at $42,371 and the second one will mature in eight years at $78,529. What amount can she expect to receive from the Lansky Finance Company if, one year from now, she sells both of the notes to them at a discount rate of 19% compounded annually?
A) $37,283
B) $44,367
C) $78,154
D) $39,028
E) $57,413

Debbie Has Two Promissory Notes Payable to Her