Question
A debt of $7172.52 is repaid by payments of $1335.09 in 8 months, $1179.46 in 17 months, and a final payment in 27 months. If
A debt of
$7172.52
is repaid by payments of
$1335.09
in
8
months,
$1179.46
in
17
months, and a final payment in
27
months. If interest was
4%
compounded
semi-annually,
what was the amount of the final payment?
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Economics For Investment Decision Makers
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
1st Edition
1118111966, 9781118111963
