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Science-Related Homework Help Mathematics Topic started by: bio_man on Feb 5, 2023



Title: Jane was due to make loan payments of S1872 nine months ago, S3074 five month ago, and S498 in five
Post by: bio_man on Feb 5, 2023
Jane was due to make loan payments of $1872 nine months ago, $3074 five month ago, and $498 in five months. Instead, she is to make a single payment today. If money is worth 5.7% and the agreed focal date is today, what is the size of the replacement payment?

The replacement payment is:

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)


Title: Re: Jane was due to make loan payments of S1872 nine months ago, S3074 five month ago, and S498 in ...
Post by: bio_man on Feb 5, 2023
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