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Clarkson Developments was supposed to pay Majestic Flooring $2000 sixty days ago and $1800 in thirty days. Majestic flooring agreed to accept three equal payments
Clarkson Developments was supposed to pay Majestic Flooring $2000 sixty days ago and $1800 in thirty days. Majestic flooring agreed to accept three equal payments due today, 60 days from today, and 120 days from today. Compute the size of the equal payments at 10% p.a. Use today as the focal date.
NOTE: I already know that FV of 2000 60 days ago is 2032.876712. and PV of 18000 in 30 days is 1785.326087. however, i do not know what to do after this. please provide the formula you used and explain steps. thank you.
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