Question
Mr. Barrow have loan payments of $400 due 95 days ago and $700 due today are to be repaid by a payment of $600 thirty
Mr. Barrow have loan payments of $400 due 95 days ago and $700 due today are to be repaid by a payment of $600 thirty days from today and the balance in 125 days. If money is worth 6% and the agreed focal date is 125 days from today, how much is Mr. Barrows final payment?
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
