David is supposed to pay $975 to Mark, but wishes to delay it for 6 months. Determine the amount Mark should expect in 6 months if the rate of interest is 4.75%
A) $992.68
B) $998.16
C) $1,002.45
D) $1,007.67
E) $1,012.37

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The Answer of David is supposed to pay $975 to Mark, but wishes to delay it for 6 months. Determine the amount Mark should expect in 6 months if the rate of interest is 4.75%
A) $992.68
B) $998.16
C) $1,002.45
D) $1,007.67
E) $1,012.37

David Is Supposed to Pay $975 to Mark, but Wishes