rate positively..
We have to use financial calculator to solve this | ||||
put in calculator - | ||||
FV | 0 | |||
PMT | -100 | |||
I | 2%/12 | 0.1667% | ||
N | 4*12 | 48 | ||
Compute PV | $4,609.33 | |||
therefore answer = option A. $4609.33 |
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