What amount paid on September $6$ is equivalent to $$2,600$ paid on the following December $1$ if money can earn $6\mathrm{.}6\%?($Use $365$ days a year. Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

Equivalent value $

Answer rating: 100% (QA)

We can find the equivalent value using the concept of Present Value PV Present Value is the cur... View the full answer