Question
A payment stream consists of three payments: $1,800 due today, $2,300 due 100 days from today, and $2,800 due 290 days from today. What
A payment stream consists of three payments: $1,800 due today, $2,300 due 100 days from today, and $2,800 due 290 days from today. What single payment, 90 days from today, is economically equivalent to the payment stream if money can be invested at a rate of 4.3% ? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.) Single payment
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Fundamentals Of Business Mathematics In Canada
Authors: F. Ernest Jerome, Jackie Shemko
3rd Edition
1259370151, 978-1259370151
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