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Alex's property taxes are $4768.00 for his house valued at $349 900 in Whitby due...

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Finance

Alex's property taxes are $4768.00 for his house valued at $349 900 in Whitby due on July 1 of 2014. How much discount should city give, if Alex pays his property tax 8 months in advance, when the city can earn 3% compounded monthly on the surplus fund?

A. $81.03

B. $49.3

C. $94.3

D. $34.9

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