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A two-payment stream consisting of $500 due today and $900 due in thirteen months is to be replaced by an economically equivalent stream comprised of
A two-payment stream consisting of $500 due today and $900 due in thirteen months is to be replaced by an economically equivalent stream comprised of an undetermined payment due in ten and a payment of $700 due in fifteen months. Calculate the unknown replacement payment if the money is worth 8% compounded monthly. Show all work for full marks in the space below. I www marks if format and rounding is incorrect. DO NOT email your completed work to me as it will not be marked. AGAIN, show all work below
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