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X owes Y 1,000 due in 6 months without interest and 2,000 with interest for 1.5 years at 4% due in 9 months. Y
X owes Y 1,000 due in 6 months without interest and 2,000 with interest for 1.5 years at 4% due in 9 months. Y agrees to accept 3 equal payments, one due today, another in 6 months, and the third in 1 year. Find the equal payments, using 1 year from today as focal date, if money is worth 5% to Y.
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To find the equal payments using the focal date of 1 year from today we can use the concept of the t...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
