Question
s. [HW] Scheduled loan payments of $2000 due in six months and $2300 due in 21 months are rescheduled as a payment of $3000
s. [HW] Scheduled loan payments of $2000 due in six months and $2300 due in 21 months are rescheduled as a payment of $3000 due in three years and a second payment due in 45 months. Determine the size of the second payment if interest is 8% compounded quarterly and the focal date is 45 months from now.
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Organic Chemistry
Authors: Graham Solomons, Craig Fryhle, Scott Snyder
11th edition
1118133579, 978-1118133576
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