A payment of P2000 is due today, and another one for P3000 is due in the 6th year. If 6% interest rates are compounded quarterly, find two equal payments, one in two years and the other one in 4 years, that will replace your original payments.

A payment of P2000 is due today, and another one for P3000 is due in the 6th year. If 6% interest rates are compounded quarterly, find two equal payments, one in two years and the other one in 4 years, that will replace your original payments.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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