Question
A contractual arrangement requires payments of $1.25 million on 1 October 2021 and $2.25 million on 1 October 2023. Calculate an equivalent single amount payable
A contractual arrangement requires payments of $1.25 million on 1 October 2021 and $2.25 million on 1 October 2023. Calculate an equivalent single amount payable on 1 April 2020 at an interest rate of 12% p.a. compounding half-yearly.
for tutor: please show your calculations using formulas without excel.
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Financial Accounting And Reporting A Global Perspective
Authors: Herve Stolowy, Yuan Ding, Luc Paugam
6th Edition
147376730X, 9781473767300
