Top Posters
Since Sunday
g
2
2
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
edelynpl edelynpl
wrote...
Go to Answer
Posts: 145
Rep: 0 0
2 years ago
Payments of $2000 due six months ago and $5000 due three years from now, are to be replaced by two equal payments due now and one year from today. What is the amount of each payment if money is worth 12% compounded monthly?

▸ $3118.98

▸ $2641.34

▸ $2976.33

▸ $4915.04

▸ $3211.14
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 131 times
1 Reply
Replies
Answer verified by a subject expert
sagitario81sagitario81
wrote...
#1
Posts: 129
Rep: 0 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

edelynpl Author
wrote...

2 years ago
This helped my grade so much Perfect
SupremeDJ
wrote...

Yesterday
Good timing, thanks!
Cdfields
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Bold
Italic
Underline
Strikethrough
Subscript
Superscript
Insert Math Equation
Font Name
Font Color
Align left
Center
Align right
Bullet list
Numbered list
Insert a horizontal rule
Insert a table
Insert a Quote
View source
Explore
Post your homework questions and get free online help from our incredible volunteers
  496 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 390
  
 345
  
 560
Your Opinion
What's your favorite math subject?
Votes: 679
Previous poll results: Do you trust social media networks with protecting your privacy?