Question: You need to borrow $ 2 , 0 0 0 quickly, and the local pawn shop will give it to you if you promise to

You need to borrow $2,000 quickly, and the local pawn shop will give it to you if you promise to repay them $200.92 monthly over the next year.
Suppose that the pawn shop's cost of funds is 12%, compounded monthly. From its viewpoint, what is the NPV of this deal?
Multiple Choice
$261.37
$111.01
$44.11
$292.01
$226.17

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