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Sethra has 3 payments in her payment stream to XM Bank. She should have paid $750.00, 6 months ago (it was not paid) and she
Sethra has 3 payments in her payment stream to XM Bank. She should have paid $750.00, 6 months ago (it was not paid) and she has to pay $940.00 in 4 months from today and $760.00 in 7 months from today. Sethra was able to negotiate with XM Bank a new arrangement that will see her make a single payment 2 months from today, which will be financially equivalent to the old payment plan. What would be Sethra's single payment at 2 months from today if money earns interest at 3.25%.
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