Question: Which one is the answer and explain why? Question 7 1 points Save Answer Taco Inc. currently has a bank loan outstanding that requires it

 Which one is the answer and explain why? Question 7 1

Which one is the answer and explain why?

points Save Answer Taco Inc. currently has a bank loan outstanding that

Question 7 1 points Save Answer Taco Inc. currently has a bank loan outstanding that requires it to make three annual payments at the end ofthe next three years of$1,200,000 each. The bank has offered to allow Taco Inc. to skip making the next two payments in lieu of making one large payment at the end of the loan's term in three years. if the interest rate on the loan is 7.5%, then the nal payment that the bank will require to make Taggart Transcontinental indifferent between the two forms of payments is closest to: Q A. $3,509,500 0 B. $3,200,000 0 C. $3,120,630 0 D. None of the answers are correct 0 E. $3,876,750

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