QUESTION 8 In return for a promise to receive $800 at the end of 10 years, a person agrees to pay $20 at once, $100 at end of 4 years and to make a further payment at end of 15 years. Find the payment at end of 15 years if the nominal rate of interest is 8% convertible monthly A. 841 OB. 863 C. 886 D.899 O E. 906