Question
A debt of $1,000 is incurred at t = 0. What is the amount of four equal payments at t = 1, 2, 3, and
A debt of $1,000 is incurred at t = 0. What is the amount of four equal payments at t = 1, 2, 3, and 4 that will repay the debt if money is worth 10 percent compounded per period?
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
