Sasha promised to pay $3000 in 212 years and $5000 in five years. If she replaces those

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Sasha promised to pay $3000 in 21⁄2 years and $5000 in five years. If she replaces those payments with a payment of $4000 in four years and three months, and money is worth 10% com- pounded quarterly, when should she make the second payment of $6000?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

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

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