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Sarah was supposed to pay Thomas $3,700 6 months ago and $940 in 5 months. If she wants to repay this amount with two payments,
Sarah was supposed to pay Thomas $3,700 6 months ago and $940 in 5 months. If she wants to repay this amount with two payments, one today of $3,200 and the balance amount in 3 months, calculate the balance amount. Assume interest is 5.20% p.a. and the agreed focal date is 3 months from now
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
