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Anonymous bio_man
wrote...
A year ago
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.)
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Anonymous AuthorAnonymous
wrote...
A year ago
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You make an excellent tutor!
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Good timing, thanks!
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This site is awesome
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