Question
Two debts, the first of $1000 due six months ago and the second of $1900 borrowed one year ago for a term of four years
Two debts, the first of $1000 due six months ago and the second of $1900 borrowed one year ago for a term of four years at 3.2% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 4.1% compounded quarterly and the focal date is one year from now.
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
