Question
Question 2 A debt of RM3,000 due six months ago and another RM5,000 due in 18 months are to be settled by two equal payments,
Question 2 A debt of RM3,000 due six months ago and another RM5,000 due in 18 months are to be settled by two equal payments, one at the end of four months and the other at the end of ten months. Find the size of the payments using
(Assuming money is worth 9% per annum simple interest.)
a. The present as the focal date?
b. The end of 18 months as the focal date?
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Auditing Practices In Local Governments An International Comparison
Authors: Laurence Ferry, Pasquale Ruggiero
1st Edition
180117086X, 978-1801170864
