Question
Two debts, the first of $1800 due 6 months ago and the second of $1700 borrowed one years ago for a term of three years
Two debts, the first of $1800 due 6 months ago and the second of $1700 borrowed one years ago for a term of three years at 8.7% compounded annually, are to be replaced with a single payment one year from now. Determine the size of the replacement payment if interest is 7.6% compounded quarterly and the focal date is one year from now
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International Finance Discussion Papers Predictable Uncertainty In Economic Forecasting
Authors: United States Federal Reserve Board , Neil R. Ericsson
1st Edition
1288731493, 9781288731497
