What single payment in two years would replace a payment of $18,650 due one year ago and a payment of $21,400 due two years and two months ag? Assume that both payments were not paid and that the interest rate is 4% compounded quarterly.
What single payment in two years would replace a payment of $18,650 due one year ago and a payment of $21,400 due two years and two months ag? Assume that both payments were not paid and that the interest rate is 4% compounded quarterly.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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What single payment in two years would replace a payment of $18,650 due one year ago and a payment of $21,400 due two years and two months ag? Assume that both payments were not paid and that the interest rate is 4% compounded quarterly.
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Chapter 9.4, Question 6
What single payment in two years would replace a payment of $18,650 due one year ago and a payment of $21,400 due two years and two months ago? Assume that
both payments were not paid and that the interest rate is 4% compounded quarterly.
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