Question
Loan payments of $700 due three months ago and of $1000 due today are to be paid by a payment of $800 in two months
Loan payments of $700 due three months ago and of $1000 due today are to be paid by a payment of $800 in two months and a final payment in five months. If 9% interest is allowed, and the focal date is five months from now, what is the amount of the final payment? Question content area bottom
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Codes Of Finance
Authors: Vincent Antonin Lépinay
1st Edition
0691151504, 978-0691151502
