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Lada Lada
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4 years ago
Three debts, the first for $1720 due four months ago, the second for $1315 due in 5 months, and the third for $1640 due in 7 months, are to be paid by a single payment today. How much is the single payment if money is worth 7.5% p.a. and the agreed focal date is today?
Textbook 

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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yacomyacom
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4 years ago Edited: 6 months ago, bio_man
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The size of the single payment is $4609.41.

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Educator
4 years ago
This is a better solution.
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A year ago
thank you
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6 months ago
TY :)
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3 weeks ago
Thanks!
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