Question
A debt of $7042.73 is repaid by payments of $1442.15 in 3 months, $1103.94 in 13 months, and a final payment in 26 months. If
A debt of $7042.73 is repaid by payments of $1442.15 in 3 months, $1103.94 in 13 months, and a final payment in 26 months. If interest was 5% compounded annually, what was the amount of the final payment? (Round to the nearest cent)
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Currency Internationalization Global Experiences And Implications For The Renminbi
Authors: Wensheng Peng, Chang Shu
2nd Edition
0230580491, 9780230580497
