Question
A debt of RM 4,400 due in two years and another RM 7,700 due in seven years will be settled by making a single payment
A debt of RM 4,400 due in two years and another RM 7,700 due in seven years will be settled by making a single payment four years from now.Find the total payment assuming that money is worth 5% compounded quarterly. Use the fourth year as the focal date.
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Optimization Methods In Finance
Authors: Gérard Cornuéjols, Javier Peña, Reha Tütüncü
2nd Edition
1107056748, 9781107056749
