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8 Pavel was supposed to pay $10,000 today. Instead, he arranged with the bank to pay $3,000 12 385 386 months from today, followed by
8 Pavel was supposed to pay $10,000 today. Instead, he arranged with the bank to pay $3,000 12 385 386 months from today, followed by two equal payments in 18 months and in 30 months from today. The interest rate is 8% compounded quarterly. Calculate the size of each payment? Use 30 months as the focal date
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
