Question
Scheduled debt payments of $2600 due one year ago, and $2400 due two years from now are to be replaced by two equal payments due
Scheduled debt payments of $2600 due one year ago, and $2400 due two years from now are to be replaced by two equal payments due one year from now and four years from now. What is the size of the equal payments if money is worth 9.6% p.a. compounded semi-annually?
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
