× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
New Topic  
majarm majarm
wrote...
Posts: 406
Rep: 0 0
6 years ago
Arjun has taken a loan and debt can be repaid by payments of $425.00 today, $377.00 in two years and $560.00 in five years. What single payment would settle the debt three years from now if money is worth 6.25% p.a. compounded quarterly?
A) $1362.00
B) $1407.70
C) $1546.98
D) $1387.92
E) $1341.13
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
Read 197 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
B
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1118 People Browsing
Related Images
  
 719
  
 195
  
 632
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741