Question
A loan payment of $1400.00 was due 30 days ago and another payment of $700.00 is due 70 days from now. What single payment 130
A loan payment of $1400.00 was due 30 days ago and another payment of $700.00 is due 70 days from now. What single payment 130 days from now will pay off the two obligations if interest is to be 4% and the agreed focal date is 130 days from now?
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
