× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
New Topic  
ikrabbe ikrabbe
wrote...
Posts: 324
Rep: 0 0
6 years ago
Moriaty owes two debt payments—a payment of $6.7 million due in twelve months and a payment of $8.75 million due in twenty-one months. If Moriaty makes a payment of $7 million now, when should he make a second payment of $7.9 million if money is worth 11.5% compounded semi-annually?
A) 26 months
B) 35 months
C) 14 months
D) 19 months
E) 21 months
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
Read 137 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
A
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  953 People Browsing
 102 Signed Up Today
Related Images
  
 691
  
 142
  
 305
Your Opinion
Who will win the 2024 president election?
Votes: 8
Closes: November 4

Previous poll results: Who's your favorite biologist?