Question
Alex's property taxes are $4768.00 for his house valued at $349 900 in Whitby due on July 1 of 2014. How much discount should city
Alex's property taxes are $4768.00 for his house valued at $349 900 in Whitby due on July 1 of 2014. How much discount should city give, if Alex pays his property tax 8 months in advance, when the city can earn 3% compounded monthly on the surplus fund?
| A. $81.03 | ||
| B. $49.3 | ||
| C. $94.3 | ||
| D. $34.9 |
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Global Edition
1292422114, 9781292422114
