$1800 due one month ago but not paid and $2200 due in three months are to be...

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$1800 due one month ago but not paid and $2200 due in three months are to be replaced by a payment of $2500 in two months from now and a final payment in four months. Find the final payment if the interest rate is 3.75% p.a. and the agreed focal date is four months from now.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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