A payment stream consists of three payments: $1,800 due today, $2,300 due 100 days from today,...

  

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A payment stream consists of three payments: $1,800 due today, $2,300 due 100 days from today, and $2,800 due 290 days from today. What single payment, 90 days from today, is economically equivalent to the payment stream if money can be invested at a rate of 4.3% ? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.) Single payment A payment stream consists of three payments: $1,800 due today, $2,300 due 100 days from today, and $2,800 due 290 days from today. What single payment, 90 days from today, is economically equivalent to the payment stream if money can be invested at a rate of 4.3% ? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.) Single payment

Answer rating: 100% (QA)

Ans First we will find the present value of each payments and then tota... View the full answer