Question
V5. A debt payment of $14000.00 due today, $5100.00 due in twenty one months, and $19000.00 due in 4.5 years are to be combined into
V5. A debt payment of $14000.00 due today, $5100.00 due in twenty one months, and $19000.00 due in 4.5 years are to be combined into a single payment due three years from now. What is the size of the single payment if interest is 6.50% p.a. compounded quarterly?
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Macroeconomics
Authors: Stephen D. Williamson
6th Edition
013447211X, 134472119, 978-0134472119
