Assume your friend will pay you $200 for each of the next two years and $400 in years 3 and these amounts will be paid at year end.Assume the interest rate is 10% for the first two years and 12% for the next two (years 3 and 4).What is your friend's promise worth in today's dollars? (Round your answer)
A)$1,000
B)$951
C)$906
D)$831
E)$600

Question

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The Answer of Assume your friend will pay you $200 for each of the next two years and $400 in years 3 and these amounts will be paid at year end.Assume the interest rate is 10% for the first two years and 12% for the next two (years 3 and 4).What is your friend's promise worth in today's dollars? (Round your answer)
A)$1,000
B)$951
C)$906
D)$831
E)$600

Assume Your Friend Will Pay You $200 for Each of the Next