Question: Knowing her daughter has difficulties in paying the down payment of a property purchase, Sharon lends her daughter $500,000 without charging interest. Assume her daughter

Knowing her daughter has difficulties in paying the down payment of a property purchase, Sharon lends her daughter $500,000 without charging interest. Assume her daughter will return the same amount of money in a lump sum after seven years. If the market interest rate is 3%, what is Sharons monetary loss in todays dollars?

a) -$15,000.0 b) -$92,483.6 c) -$93,454.2 d) -$114,936.9

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