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Home Q & A Board Science-Related Homework Help Mathematics
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conrad136 conrad136
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4 months ago
Scheduled payments of $2,000 due today and $4,000 due in nine months are to be replaced by two payments—$3,000 due in fifteen months and a second payment of undetermined size due in twenty-four months. What must the second payment be for the two streams to be economically equivalent? Assume that money can earn 1.75% compounded quarterly.

▸ $3,319.80

▸ $3,119.80

▸ $3,179.80

▸ $3,199.80

▸ $4,119.80
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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kady_kelsey2kady_kelsey2
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4 months ago
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conrad136 Author
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4 months ago
Helped a lot
Holly72492
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Yesterday
Thank you, thank you, thank you!
smdavis
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2 hours ago
You make an excellent tutor!
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