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Title: A debt of $4000 due today is to be settled by two equal payments due three months from now, and 9 ... Post by: Lada on Nov 26, 2017 A debt of $4000 due today is to be settled by two equal payments due three months from now, and 9 months from now respectively. What is the size of the equal payments at 8% compounded quarterly?
Title: Re: A debt of $4000 due today is to be settled by two equal payments due three months from now, and ... Post by: rmaccara on Nov 26, 2017 Let the size of the two equal payments be $x and the focal date be now.
4000.00 = x(1.02)-1 + x(1.02)-3 4000.00 = .9803921569x + .9423223345x 4000.00 = 1.922714491x $2080.39 = x |