What cash payment is equivalent to making payments of $825 at the end of every 3 months

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What cash payment is equivalent to making payments of $825 at the end of every 3 months for 16 years if interest is 7% compounded semi-annually?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:59 AM

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What cash payment is equivalent to making payments of $825 at the end of every 3 months

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PMT 82500 i 35 n 64 c 24 12 p 1035 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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