Jane was due to make loan payments of $1020 ten months ago, $3801 five month ago, and
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Jane was due to make loan payments of $1020 ten months ago, $3801 five month ago, and $508 in five months. Instead, she is to make a single payment today. If money is worth 6.6 % and the agreed focal date is today, what is the size of the replacement payment .
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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