What payment 2 years from now would be a fair substitute for the combination of 4

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What payment 2 ¼ years from now would be a fair substitute for the combination of 4 $1500 due (but not paid) 9 months ago and $2500 due in 4 1/2 years, if money can earn 2 9% compounded quarterly?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:01 AM

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What payment 2 years from now would be a fair substitute for the combination of 4 $1500 due (but not paid) 9 months ago and $2500 due in 4 1/2 years, if money can earn 2 9% compounded quarterly?
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What payment 2 years from now would be a fair substitute for the combination of 4

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Business Mathematics In Canada

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