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Jane was due to make loan payments of S1872 nine months ago, S3074 five month ago, and S498 in five
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3 months ago
3 months ago
Jane was due to make loan payments of S1872 nine months ago, S3074 five month ago, and S498 in five
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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Thank you, thank you, thank you!
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This calls for a celebration
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