Question
What single payment 6 months from now would be economically equivalent to payments of $1150 due (but not paid) four months ago and $1450 due
What single payment 6 months from now would be economically equivalent to payments of $1150 due (but not paid) four months ago and $1450 due in 12 months? Assume money can earn2.0% compounded monthly.(Do not round intermediate calculations and round your final answer to 2 decimal places.)
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
