Question
You owe $4510 in 7 months, $3780 in 13 months and $5125 in 21 months. You are paying 8.64% compounded monthly on your loan. What
You owe $4510 in 7 months, $3780 in 13 months and $5125 in 21 months. You are paying 8.64% compounded monthly on your loan. What single amount 3 months from now will pay off the entire loan of the 3 future payments?
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
