Question
1) Loan payments of $1200 due 3 months ago, $510 due in 2 months, and $600 due in 5 months are to be combined into
1)Loan payments of $1200 due 3 months ago, $510 due in 2 months, and $600 due in 5 months are to be combined into a single payment made 3 months from now. What is the single payment if money is worth 9% p.a. and the focal date is 3 months from now? (Draw the picture.)
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Microsoft Excel For Accounting The First Course
Authors: L Murphy Smith, Katherine Smith
1st Edition
0130085529, 978-0130085528
