Question
A debt payment of $5,500 is due in 27 months. If money is worth 8.4% p.a. compounded quarterly, what is the equivalent payment (A) now?
A debt payment of $5,500 is due in 27 months. If money is worth 8.4% p.a. compounded quarterly, what is the equivalent payment
(A) now?
(B) 15 months from now?
(C) 27 months from now?
(D) 36 months from now?
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
