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You have an investment that will mature in 20 months with the value of $2700. You need some quick cash and decide to sell it
You have an investment that will mature in 20 months with the value of $2700. You need some quick cash and decide to sell it today at a discount rate of 10% compounded quarterly. What is the cash value?
A. | 2035.72 | |
B. | 2290.19 | |
C. | 2205.37 | |
D. | 2120.55 |
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