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A $2,400 payment is due 6 months from today. What is the equivalent value of the $2,400 payment if it is paid 15 months
A $2,400 payment is due 6 months from today. What is the equivalent value of the $2,400 payment if it is paid 15 months from today instead? Money earns 7.2% compounded semi-annually? Refer to the "?"s in the table and enter the appropriate values in the blanks below. (In your rough work, it may be helpful to draw a timeline.) N I/Y ? 7.2 PV ? PMT FV PY/CY 0 ? ? (Round dollar values to two decimal places.) N = PV => FV => PY/CY= P E
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