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A debt can be paid by payments of $2000 scheduled today, $2000 scheduled in three years, and $2000 scheduled in six years. What single payment
A debt can be paid by payments of $2000 scheduled today, $2000 scheduled in three years, and $2000 scheduled in six years. What single payment would settle the debt four years from now if money is worth 2.3% compounded monthly? (Display the scenario on a timeline for full marks)
This needs to be able to be done on a calculator, I don't understand how to find what N is equal to. Create a list that outlines the values for N, C/Y-P/Y, I/Y, P.V., and F.V., as well as to show any subsequent calculations.
My list so far is
PV=2000
PY/CY=12
I/Y=2.3
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