Payment of $903 due 2 months ago and $459 due today are to be repaid by a payment of $400 one month from today and the b
Posted: Mon May 02, 2022 9:32 am
Payment of $903 due 2 months ago and $459 due today are to be
repaid by a payment of $400 one month from today and the balance in
8 months from now. If money is worth 6% compounded monthly, and the
agreed focal date is 8 months from today. What is the size of
the final payment?
Please express your answer to the nearest dollar. Sample input:
2456 for $2456.
repaid by a payment of $400 one month from today and the balance in
8 months from now. If money is worth 6% compounded monthly, and the
agreed focal date is 8 months from today. What is the size of
the final payment?
Please express your answer to the nearest dollar. Sample input:
2456 for $2456.