A payment of $18,000 is due in 1 year and $11,800 is due in 2 years. What two equal payments, one in 3 years and one in
Posted: Sun Jun 05, 2022 10:10 am
A payment of $18,000 is due in 1 year and $11,800 is due in 2 years. What two equal payments, one in 3 years and one in 4 years would replace these original payments? Assume that money earns 3.75% compounded quarterly. Use the focal date in 4 years... $0.00 Round to the nearest cent