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$800 is due at the end of 4 years and $700 at the end of 8 years. If money is worth j_12 = 3%, determine
$800 is due at the end of 4 years and $700 at the end of 8 years. If money is worth j_12 = 3%, determine an equivalent single amount at
(a) the end of 2 years;
(b) at the end of 6 years;
(c) the end of 10 years.
notej_m is the nominal rate of interest compounding m times per year.
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