Question
A man called himself a hot shot made a bad investment and as a result, went into debt. He agreed to pay it off at
A man called himself "a hot shot" made a bad investment and as a result, went into debt. He agreed to pay it off at $2000 at the end of every six months for next 10 years & the interest rate is 6%, compounded semiannually. However, his successful loving son decided to pay off his father's debt with a one-time payment now. How much did he have to pay?
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Understanding Probability
Authors: Henk Tijms
3rd Edition
1139512765, 9781139512763
