Matt had agreed to make two payments a payment of $2000 due in nine months and a

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Matt had agreed to make two payments— a payment of $2000 due in nine months and a payment of $1500 in a year. If Matt makes a payment of $1800 now, when should he make a second payment of $1700 if money is worth 8% compounded quarterly?

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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 03:53 AM

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Matt had agreed to make two payments a payment of $2000 due in nine months and a

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Let the focal date be now 2 002 200000 102 3 150000 102 4 180000 170000 102 n 200000 09423...View the full answer

Contemporary Business Mathematics with Canadian Applications

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