Cleo promises to pay Jacques $1,000 in two years. If the interest rate is 6 percent, how much is this future payment worth today?
A)$883.60
B)$887.97
C)$890.00
D)None of the above are correct to the nearest cent.

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The Answer of Cleo promises to pay Jacques $1,000 in two years. If the interest rate is 6 percent, how much is this future payment worth today?
A)$883.60
B)$887.97
C)$890.00
D)None of the above are correct to the nearest cent.

Cleo Promises to Pay Jacques $1,000 in Two Years