A debt payment of $5500 is due in 27 months. If money is worth 8.4% p.a. compounded

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A debt payment of $5500 is due in 27 months. If money is worth 8.4% p.a. compounded quarterly, what is the equivalent payment?
(a) Now?
(b) 15 months from now?
(c) 27 months from now?
(d) 36 months from now?

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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 03:48 AM

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A debt payment of $5500 is due in 27 months. If money is worth 8.4% p.a. compounded

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a E 5500001021 9 5500000829408 456175 Set P Y 4 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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