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What is the value of PV

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Question - Ordering stock from a large company requires the payment of $4600 in nine months, and $3700 in fourteen months at 3.8% interest, compounded quarterly. The full balance is refinanced and settled with a single payment of $8500. Choose a focal date of 14 months from now. What is the value of PV2?

a. $4673.06

b. $8300.00

c. $8373.06

d. $3642.15

Reference no: EM132997976

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