Question
Debt payments of $2,560.00 and $1,965.00 are due four months from now and ten months from now respectively. What single payment is required to pay
Debt payments of $2,560.00 and $1,965.00 are due four months from now and ten months from now respectively. What single payment is required to pay off the debt today if interest is 5.94%? NOTE: Don't forget the Units, round to 2 decimal places, and DO NOT use any spaces in your answer.
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M: Finance
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260772357, 9781260772357
