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A $2,400 payment is due 6 months from today. What is the equivalent value of the $2,400 payment if it is paid 15 months
Posted: Sun Apr 17, 2022 7:02 pm
by answerhappygod
- A 2 400 Payment Is Due 6 Months From Today What Is The Equivalent Value Of The 2 400 Payment If It Is Paid 15 Months 1 (27.62 KiB) Viewed 23 times
A $2,400 payment is due 6 months from today. What is the equivalent value of the $2,400 payment if it is paid 15 months from today instead? Money earns 7.2% compounded semi-annually? Refer to the "?"s in the table and enter the appropriate values in the blanks below. (In your rough work, it may be helpful to draw a timelme.) IY PY/CY ? 7.2 ? ? ? PV PMT FV 0 (Round dollar values to two decimal places.) N = A/ PV = NJ FV = A/ A PY/CY=