Question
A payment of $950 scheduled to be paid today and a second payment of $1,240 to be paid in nine months from today are to
A payment of $950 scheduled to be paid today and a second payment of $1,240 to be paid in nine months from today are to be replaced by a single equivalent payment. What total payment made today would place the payee in the same financial position as the scheduled payments if money can earn 4.25%?
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
