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what payments 2 months from now would be equivalent in val to a $5650 payment due in 13 month and $3050 payment due 18 month from now? the value 5 80/ sinon int

what payments 2 months from now would be equivalent in val to a $5650 payment due in 13 month and $3050 payment due 18 month from now? the value 5 80/ sinon int

Essentials Of Investments
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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what payments 2 months from now would be equivalent in value to a $5650 payment due in 13 month and $3050 payment due in 18 month from now? the value of money is 5.8%, simple interest. Round your final answer only to 2 decimal places
Transcribed Image Text:what payments 2 months from now would be equivalent in value to a $5650 payment due in 13 month and $3050 payment due in 18 month from now? the value of money is 5.8%, simple interest. Round your final answer only to 2 decimal places
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