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the answer is not 5,312.14 What single payment, made 45 days from now, is economically equivalent to the combination of three equal payments of $1750
the answer is not 5,312.14
What single payment, made 45 days from now, is economically equivalent to the combination of three equal payments of $1750 each: one due 75 days ago, the second due today, and the third due 75 days from today? Money is worth 9.9% per annum. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Equivalent single payment $Step by Step Solution
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