Question
Mr. A owes Ms. B three sums of money: $1,000 due in two years, $1,500 due in five years, and $2,000 due in eight years.
Mr. A owes Ms. B three sums of money: $1,000 due in two years, $1,500 due in five years,
and $2,000 due in eight years. Mr. A pays Ms. B $2,000 now and the rest in three years.
Interest is 6% APR. Find the amount of the remaining payment rounded up to the nearest
dollar.
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Bayesian Data Analysis
Authors: Andrew Gelman, John B Carlin, Hal S Stern, David B Dunson, Aki Vehtari, Donald B Rubin
3rd Edition
1439898200, 9781439898208
