Question
please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as
please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible
please need help as soon as possible please need help as soon as possible
a loan agreement originally called for a payment of $2,200 after 4 months. Unfortunately, the payment was missed and the debtor has proposed a new agreement.
the new agreement calls for an immediate payment of $1000 today (6 month mark) followed by the remainder (final payment) at the 12 month mark. calculate the amount of the final payment assuming a simple interest rate of 6.50%.
use the 12 month mark as a focal date. express your answer with 2 decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
