A loan payment of $1450 was due 45 days ago and a payment of $1200 is due

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A loan payment of $1450 was due 45 days ago and a payment of $1200 is due in 60 days. What single payment made 30 days from now is required to settle the two payments if interest is 7% and the focal date is 30 days from now?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:41 AM

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A loan payment of $1450 was due 45 days ago and a payment of $1200 is due

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Contemporary Business Mathematics with Canadian Applications

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