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you have three debts to the same creditor 3000 CAD due today 2500 CAD due in 2 and 1/4 years and 4250 due in three
you have three debts to the same creditor 3000 CAD due today 2500 CAD due in 2 and 1/4 years and 4250 due in three years and 11 months. unable to fulfill this obligation you arrange with your creditor to make two alternative payments
3500 CAD in nine months and a second payment in two years you agree upon an interest rate of 9.84% compounded monthly. What is the amount of the second payment?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
