Question 22 (0.5 points) Payments of $700 due three months ago and $1000 six months from now are to be replaced by one equivalent payment four months from now. What is the size of this payment if money can earn 7%? A) $1661.01 B) $1700.72 C) $1708.72 D) $1717.05 E) $1740.25

Question 22 (0.5 points) Payments of $700 due three months ago and $1000 six months from now are to be replaced by one equivalent payment four months from now. What is the size of this payment if money can earn 7% ? A) $1661.01 B) $1700.72 C) $1708.72 D) $1717.05 E) $1740.25