Two payments of $10,000 each must be made one year and four years from – McqOptions

MCQOPTIONS

1.	Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?
A.	19296
B.	19396
C.	19496
D.	19596
Answer» B. 19396

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