8. You have financial obligations of $2,000 due in twelve months and $1,500 due in two years. Your parents wish to give

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8. You have financial obligations of $2,000 due in twelve months and $1,500 due in two years. Your parents wish to give

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8 You Have Financial Obligations Of 2 000 Due In Twelve Months And 1 500 Due In Two Years Your Parents Wish To Give 1
8 You Have Financial Obligations Of 2 000 Due In Twelve Months And 1 500 Due In Two Years Your Parents Wish To Give 1 (13.66 KiB) Viewed 48 times
8. You have financial obligations of $2,000 due in twelve months and $1,500 due in two years. Your parents wish to give you the money to pay off your debts. What single payment today can replace the two payments if money can earn 1.75% compounded annually? (4 marks)
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