Greg owes two debt payments – a payment of $5072 that was due in 10 months ago and a payment of $1992 due in 8 months. If Greg makes a payment now, what would this payment be if money is worth 6.46% compounded semi-annually? Assume a focal date of today.

Answer rating: 100% (QA)

To find out the current value of the two debt payments we need to discount them back to the present ... View the full answer