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, what single payment today is required to settle the two scheduled
payments?
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang, Rod Smith
2nd edition
1260153156, 1260153150, 978-1260153156
