A debt of $11000 due in 10 years from now is to be paid by a payment
Fantastic news! We've Found the answer you've been seeking!
Question:
A debt of $11000 due in 10 years from now is to be paid by a payment of $2750 now, $1750 in 2 years and a final payment 8 years from now. What would this payment be if an interest rate of 6% compounded semiannually is assumed.
The payment is $ __________
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date: