Question
Debts of $6300.00 due three months from now and $4400.00 due twenty-one months from now are to be settled by two equal payments due in
Debts of $6300.00 due three months from now and $4400.00 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 5.5% p.a. compounded quarterly.
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Finance For Nonfinancial Managers
Authors: Gene Siciliano
2nd Edition
0071824367, 978-0071824361
