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Home Q & A Board Science-Related Homework Help Mathematics
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edelynpl edelynpl
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10 months 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:
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sagitario81sagitario81
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10 months ago
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edelynpl Author
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10 months ago
Thanks
linlinlin
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Yesterday
Brilliant ツ
Butwhy
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2 hours ago
Good timing, thanks!
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