How many months from now can a payment of $1000 due 12 months ago and a payment

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How many months from now can a payment of $1000 due 12 months ago and a payment of $400 due 6 months from now be settled by a payment of $1746.56 if interest is 10.2% compounded monthly?

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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 03:53 AM

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How many months from now can a payment of $1000 due 12 months ago and a payment

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Let the focal date be now i 085 100000 10085 12 40000 10085 6 174656 1008...View the full answer

Contemporary Business Mathematics with Canadian Applications

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