Question
Greg owes two debt payments - a payment of $5804 that was due in 11 months ago and a payment of $1531 due in
Greg owes two debt payments - a payment of $5804 that was due in 11 months ago and a payment of $1531 due in 9 months. If Greg makes a payment now, what would this payment be if money is worth 6.24 % compounded semi-annually? Assume a focal date of today. Please express your answer to the nearest dollar. Sample input: 2456 for $2456.
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
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