You need to borrow $$2,000$ quickly, and the local pawn shop will give it to you if you promise to repay them $$200\mathrm{.}92$ monthly over the next year.

Suppose that the pawn shop's cost of funds is $12\%,$ compounded monthly. From its viewpoint, what is the NPV of this deal?

Multiple Choice

$$261\mathrm{.}37$

$$111\mathrm{.}01$

$$44\mathrm{.}11$

$$292\mathrm{.}01$

$$226\mathrm{.}17$