Question
Loan payments of $3300 due three years ago and $3700 due in four years are to be replaced by two equal payments. The first replacement
Loan payments of $3300 due three years ago and $3700 due in four years are to be replaced by two equal payments. The first replacement payment is due now and the second payment is due in six years. Determine the size of the two replacement payments if interest is 5.6% compounded semi dash annually and the focal date is now.
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
