Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
Anthonyling Anthonyling
wrote...
Go to Answer
Posts: 134
Rep: 0 0
10 months ago
Paula is unable to make a $4500 payment due today. She proposes to settle the obligation by making two equal payments—one in four months and a second in nine months. What must each payment be to make the proposed payment stream equivalent to the scheduled payment if money can earn 3.2% compounded monthly?

▸ $2,452.80

▸ $2,852.80

▸ $2,492.80

▸ $1,452.80

▸ $3,452.80
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 64 times
1 Reply
Replies
Answer verified by a subject expert
naj2008hnaj2008h
wrote...
#1
Posts: 136
Rep: 1 0
10 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Anthonyling Author
wrote...

10 months ago
Thank you, thank you, thank you!
paulinaibarra98
wrote...

Yesterday
Smart ... Thanks!
hmonier
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1158 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 138
  
 397
  
 282
Your Opinion
Which is the best fuel for late night cramming?
Votes: 145
Previous poll results: How often do you eat-out per week?