× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
w
3
w
3
e
3
3
r
3
b
2
M
2
V
2
f
2
c
2
c
2
K
2
New Topic  
ikrabbe ikrabbe
wrote...
Posts: 324
Rep: 0 0
6 years ago
Judy paid for a living room suite over time, signing an installment contract that requires semi-annual payments of $2560.00 for 8.5 years. The first payment is made on the signing date and interest is 14.5% compounded semi-annually. What was the cash price?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
Read 132 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
PV (due)   = 2560 (1.0725)
   = 2560(9.5964039)(1.0725)
   = $26 347.89
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  859 People Browsing
Related Images
  
 1225
  
 2911
  
 444