Question
Debts of $1400.00, $2450.00 are due in one year and thirty months from now respectively. Replacement payments of $2500 in six months and a final
Debts of $1400.00, $2450.00 are due in one year and thirty months from now respectively. Replacement payments of $2500 in six months and a final payment in 32 months. Determine the final payment that would settle the debts if interest is 8% p.a. compounded quarterly.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
