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Payments of 1,650 in 1year and another another $2,300 in 5 years to settle a loan are to be rescheduled with a payment of $950
Payments of 1,650 in 1year and another another $2,300 in 5 years to settle a loan are to be rescheduled with a payment of $950 in 18 months and the balance in 30 months. calculate the payment required in 30 months for the rescheduled option to settle the loan if money earns 4.4% compounded semi-annually during the above periods
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