Question
Scheduled payments of $ 1200 due one year ago $ 1000 due six months ago are to be replaced by a payment of $ 800
Scheduled payments of $ 1200 due one year ago $ 1000 due six months ago are to be replaced by a payment of $ 800 now, a second payment of $ 1000 nine months from now and a final payment months from now. What is the size of the final payment if interest is 6.8% compounded quarterly?
and solve in mathematica programs please
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
17th Edition
1264072945, 978-1264072941
