Payments of $1400 and $2500 were due 90 days ago and 120 days ago, respectively. What is the combined economic value today of these payments if money can earn 9% ? Group a answer choices $3859.22 $ 4111.11 $3943.58 $4005.04 $ 3797.76

Payments of $1400 and $2500 were due 90 days ago and 120 days ago, respectively. What is the combined economic value today of these payments if money can earn 9% ? Group a answer choices $3859.22 $ 4111.11 $3943.58 $4005.04 $ 3797.76

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Payments of $1400 and $2500
were due 90 days ago and 120
days ago, respectively. What is
the combined economic value
today of these payments if
money can earn 9% ? Group of
answer choices $3859.22 $
4111.11 $3943.58 $4005.04 $
3797.76

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