Question
A debt of $1000 with interest j 4 = 10% will be repaid by a payment of $200 at the end of 3 months and
A debt of $1000 with interest j4= 10% will be repaid by a payment of $200 at the end of 3 months and three equal payments at the end of 6, 9 and 12 months. What will these payments be?
a. $200
b. $304.34
c. $358.89
d. $288.86
Calculated several times, the number I got was 338.355 which is not one of the answers
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
