Ordering stock from a large company requires the payment of $4600 in nine months, and $3700 in fourteen months at 3.8% interest, compounded quarterly. The full balance is refinanced and settled with a single payment of $8500. Choose a focal date of 14 months from now.

What is the value of PV2?

Select one:

a.

$4673.06

b.

$8300.00

c.

$8373.06

d.

$3642.15