Question
Jane was due to make loan payments of $1272 eight months ago, $4626 six month ago, and $532 in three months. Instead, she is to
Jane was due to make loan payments of $1272 eight months ago, $4626 six month ago, and $532 in three months. Instead, she is to make a single payment today. If money is worth 2.6% and the agreed focal date is today, what is the size of the replacement payment?
The replacement payment is $___.
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
7th Edition
1438010362, 9781438010366
