Natasha promises to pay Jennifer $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.

Question

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The Answer of Natasha promises to pay Jennifer $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.

Natasha Promises to Pay Jennifer $1,000 in Two Years