Question
Scheduled payments of $561, $317, and $1068 are due in one-and-a-half years, four years, and five years respectively. What is the equivalent single replacement payment
Scheduled payments of $561, $317, and $1068 are due in one-and-a-half years, four years, and five years respectively. What is the equivalent single replacement payment three years from now if interest is 6.1% compounded semi-annually?
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
