Question
In return for payments of $2500 at the end of 6 years and $6000 at the end of 11 years, an investor agrees to pay
In return for payments of $2500 at the end of 6 years and $6000 at the end of 11 years, an investor agrees to pay $4000 immediately and make an additional payment at the end of 4 years. Find the amount of the additional payment ifi^(6)=0.08
Answer = $ __________
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
