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AL0354335 AL0354335
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8 months ago
Your company lost a lawsuit and they have to pay $125,000 one year from today. The company wishes to pay off the lawsuit immediately instead of waiting one year. If money can earn 5.6% compounded quarterly, how much should they pay today to clear the debt?

▸ $128,238.30

▸ $118,238.30

▸ $108,238.30

▸ $120,238.30

▸ $128,238.30
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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qwasqwas1qwasqwas1
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8 months ago
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AL0354335 Author
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8 months ago
Brilliant
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Yesterday
Thanks for your help!!
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2 hours ago
Smart ... Thanks!
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