Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments = $1,733 due 20 days ago. Replacement payments = Three equal payments due today, in 26 days, and in 59 days. Focal Date = Today. Interest rate 9.9% Find the value of the three equal payments. (Do not include the $ sign in your answer.)
Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments = $1,733 due 20 days ago. Replacement payments = Three equal payments due today, in 26 days, and in 59 days. Focal Date = Today. Interest rate 9.9% Find the value of the three equal payments. (Do not include the $ sign in your answer.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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![Find the equivalent replacement payments indicated for each of the following scheduled payments.
Original scheduled payments = $1,733 due 20 days ago.
Replacement payments =
Three equal payments due today, in 26 days, and in 59 days.
Focal Date = Today.
Interest rate 9.9%
Find the value of the three equal payments.
(Do not include the $ sign in your answer.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F51fd2fc1-ca8c-4e7d-bd3a-4e5a44082bf5%2F56d826a7-39c1-451b-b53b-325cd9d7263a%2Fmc5u0bl.png&w=3840&q=75)
Transcribed Image Text:Find the equivalent replacement payments indicated for each of the following scheduled payments.
Original scheduled payments = $1,733 due 20 days ago.
Replacement payments =
Three equal payments due today, in 26 days, and in 59 days.
Focal Date = Today.
Interest rate 9.9%
Find the value of the three equal payments.
(Do not include the $ sign in your answer.)
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