FREE Trial

Debt obligations of $500.00 due on April 27, 2018 and $1625.00 due on September 30, 2018 are

Question:

Debt obligations of $500.00 due on April 27, 2018 and $1625.00 due on September 30, 2018 are to be repaid by a payment of $1200.00 on July 6, 2018 and the balance on January 15, 2019. What is the size of the final payment if interest is 6.25% and the agreed focal date is September 30, 2018?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 88% (9 reviews)

Let the size of the final payment be x The focal ...View the full answer


answer-question-section
Answered By
tutor-profile-image
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+ 1+ Reviews 10+ Question Solved
Related Book For  book-img-for-question
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

See More Books
Question Posted:
See More Questions

Students also viewed these Accounting questions

Grizzly Kingdom An Artists Encounter 1st Edition - ISBN: 1550591053 - Free Book