In order to estimate with 95% confidence the expected value of y for a given value of x in a simple linear regression problem,a random sample of 10 observations is taken.Which of the following t-table values listed below would be used?
A $2,000 payment due 2 years ago and another $4,000 payment 18 months from now are to be replaced by a lump sum payment in 3 years. Using the financial functions on the calculator, determine the value of this payment if interest is at 2.4% compounded quarterly.
A) $6,000.34 B) $6,100.34 C) $6,200.34 D) $6,300.34 E) $6,400.34