Question
Debts of $2800.00 due three months from now and $4600.00 due twenty-one months from now are to be settled by two equal payments due in
Debts of $2800.00 due three months from now and $4600.00 due twenty-one months from now are to be settled by two equal payments due in three months and nine months from now respectively. Determine the size of the equal replacement payments if interest is 8.5% p.a. compounded quarterly.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Millon Cornett
1st International Edition
0071181334, 9780071181334
