Payments of $1,400 and $2,500 were due 90 days ago and 120 days ago, respectively. What is the combined economic value today of these payments if money can earn 9%?
A) $3,943.58
B) $3,859.22
C) $4,005.04
D) $4,111.11
E) $3,797.76

Question

Quizplus · Accepted Answer

The Answer of Payments of $1,400 and $2,500 were due 90 days ago and 120 days ago, respectively. What is the combined economic value today of these payments if money can earn 9%?
A) $3,943.58
B) $3,859.22
C) $4,005.04
D) $4,111.11
E) $3,797.76

Payments of $1,400 and $2,500 Were Due 90 Days Ago