Question
What single payment 6 months from now would be economically equivalent to payments of $1350 due (but not paid) four months ago and $1650 due
What single payment 6 months from now would be economically equivalent to payments of $1350 due (but not paid) four months ago and $1650 due in 12 months? Assume money can earn4.0% compounded monthly.(Do not round intermediate calculations and round your final answer to 2 decimal places.)
Equivalent payment
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
