The annual Sport Club membership fees of $2500 are due on August 31, 2018. Club management offers a reduction of membership fees of 18.4% p.a. to members who pay the dues by June 17, 2018. How much must a member pay on June 17 comma 2018, if she chooses to take advantage of the club management's offer?
The annual Sport Club membership fees of $2500 are due on August 31, 2018. Club management offers a reduction of membership fees of 18.4% p.a. to members who pay the dues by June 17, 2018. How much must a member pay on June 17 comma 2018, if she chooses to take advantage of the club management's offer?
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
Problem 1PS
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The annual Sport Club membership fees of $2500 are due on August 31, 2018. Club management offers a reduction of membership fees of 18.4% p.a. to members who pay the dues by June 17, 2018. How much must a member pay on June 17 comma 2018, if she chooses to take advantage of the club management's offer?
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