Krista borrowed $17,432 The loan is to be repaid by three equal payments due in 80, 154, and 263 days from now respectively Determine the size of the equal payments at an interest rate of 7% with a focal date of today The size of the equal payments is $ (Round the final answer to the nearest cent as needed Round all intermediate values to sox decimal places as needed)
Krista borrowed $17,432 The loan is to be repaid by three equal payments due in 80, 154, and 263 days from now respectively Determine the size of the equal payments at an interest rate of 7% with a focal date of today The size of the equal payments is $ (Round the final answer to the nearest cent as needed Round all intermediate values to sox decimal places as needed)
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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Transcribed Image Text:Krista borrowed $17,432. The loan is to be repaid by three equal payments due in 80, 154, and 263 days from now
respectively Determine the size of the equal payments at an interest rate of 7% with a focal date of today
The size of the equal payments is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places
as needed)
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