Question
Cameron was supposed to pay Sarah $4,900, 6 months ago, and $1,300, 5 months from now. If he wants to reschedule these payments with two
Cameron was supposed to pay Sarah $4,900, 6 months ago, and $1,300, 5 months from now. If he wants to reschedule these payments with two payments, one payment of $2,900 today and the balance 3 months from now, calculate the balance amount. Assume that the simple interest charged is 4.75% p.a. and the agreed focal date is 3 months from now.
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Complete Physics For Cambridge IGCSE RG
Authors: Stephen Pople
3rd Edition
019830871X, 978-0198308713
