John owes Richard $2700 in 3 years and $3400 in 8 years from
now. They decide that these amounts can be paid by 2 equal payments
, 5 years from now and 10 years from now respectively Calculate the
amount of each equal payment if interest is 15% compounded monthly
and the focal date is 5 years from now
John owes Richard $2700 in 3 years and $3400 in 8 years from now. They decide that these amounts can be paid by 2 equal
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
John owes Richard $2700 in 3 years and $3400 in 8 years from now. They decide that these amounts can be paid by 2 equal
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!