Question
A debt of $8516.11 is repaid by payments of $1055.44 in 5 months, $938.83 in 13 months, and the final payment in 30 months. If
A debt of $8516.11 is repaid by payments of $1055.44 in 5 months, $938.83 in 13 months, and the final payment in 30 months. If the interest was 4% compounded semi annually what was the amount of the final payment?
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Engineering Economic Analysis
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
9th Edition
978-0195168075, 9780195168075
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