Question
A contract requires us to make a payment of $2,000.00 in period 3, another payment of $4,000.00 in period 6, and a final payment of
A contract requires us to make a payment of $2,000.00 in period 3, another payment of $4,000.00 in period 6, and a final payment of $6,000.00 in period 9. The interest rate is 8% and we want to renegotiate the contract in such a way that we make a payment of $3,000.00 in period 2 and another for an amount Z in period 8. How much is the amount Z ?
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Financial Performance
Authors: Marc Bertoneche, Rory Knight
1st Edition
0750640111, 978-0750640114
