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Three debts, the first for $1720 due four months ago, the second for $1315 due in 5 months, and the ...
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Three debts, the first for $1720 due four months ago, the second for $1315 due in 5 months, and the ...
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?
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Contemporary Business Mathematics with Canadian Applications
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11
th
Authors:
Hummelbrunner, Halliday, Hassanlou, Coombs
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The size of the single payment is $4609.41.
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thank you
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TY :)
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Thanks!
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