Question
A finanical obligation requires the payment of $1000 in 2 months. $3000 in 8 months, and $4000 in 14 months. Instead, if a payment of
A finanical obligation requires the payment of $1000 in 2 months. $3000 in 8 months, and $4000 in 14 months. Instead, if a payment of $2000 is made now, when should a second payment of $6000 be made if interest is 9% compounded monthly ?
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
