Question
Scheduled payments of $500 due 6 months from today and $1,000 due 18 months from today are to be replaced by a $500 payment due
Scheduled payments of $500 due 6 months from today and $1,000 due 18 months from today are to be replaced by a $500 payment due today and another payment 15 months from today.
If money is worth 4.2% compounded annually,find the amount of the unknown payment.
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College Accounting Chapters 1- 9
Authors: James A Heintz, Robert W Parry
23rd Edition
1337794783, 978-1337794787
