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Home Q & A Board Science-Related Homework Help Mathematics
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kirstykirst kirstykirst
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A year ago
A contract was signed eight months ago requiring the payment of $13,000 plus interest at 8% after one year. What two equal payments made today and four months from today are equivalent to the original contract? Assume that money is now worth 5%. Use four months from today as the focal date.

▸ $7020.00

▸ $6961.98

▸ $6446.28

▸ $13,809.84

▸ $7078.02
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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djl4909djl4909
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A year ago
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kirstykirst Author
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A year ago
Helped a lot
54321abs
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Yesterday
this is exactly what I needed
rene_ram97
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2 hours ago
Brilliant ツ
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