You have financial obligations of $2,000 due in twelve months and $1,500 due in two years. Your
Fantastic news! We've Found the answer you've been seeking!
Question:
You have financial obligations of $2,000 due in twelve months and $1,500 due in two years. Your parents wish to give you the money to pay off your debts. What single payment today can replace the two payments if money can earn 1.75% compounded annually?
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Posted Date: