Question
Debt payments of $600 in two months and $800 in five months are schedule to be due. If interest at 6.2% is to be allowed,
Debt payments of $600 in two months and $800 in five months are schedule to be due. If interest at 6.2% is to be allowed,
a) What single payment today is required to settle the two scheduled payments?
b) What single payment in 6 months from today is required to settle the two scheduled payments?
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Schaums Easy Outline College Algebra
Authors: Murray Spiegel ,Robert Moyer
1st Edition
0070527091, 978-0070527096
