Question
Sue had an agreement to settle a loan by making payments of $1500 in 6 months, and $2500 in 2 years. what single payment in
Sue had an agreement to settle a loan by making payments of $1500 in 6 months, and $2500 in 2 years. what single payment in 18 months would be equivalent to these scheduled payments if the money is worth 6% compounded quarterly?
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Financial Accounting Theory
Authors: William R. Scott
7th edition
132984660, 978-0132984669
