Question
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 ? (Round dollar values to two decimal places.) N = PV = FV = PY/CY= I/Y 7.2 N N P PV ? E PMT 0 FV ? PY/CY ?
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Fundamentals Of Business Mathematics In Canada
Authors: F. Ernest Jerome, Jackie Shemko
3rd Edition
1259370151, 978-1259370151
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