A $5000 payment due 1 years ago has not been paid If money can earn 8 25 compounded annually, what amount paid 2 years from now would be the economic equivalent of the missed payment ...

A $5000 payment due 1 years ago has not been paid. If money can earn 8.25%

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A $5000 payment due 1 ½ years ago has not been paid. If money can earn 8.25% compounded annually, what amount paid 2 ½ years from now would be the economic equivalent of the missed payment?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:21 AM

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A $5000 payment due 1 years ago has not been paid. If money can earn 8.25%

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Business Mathematics In Canada

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