Karina is due to pay $9000 in five years. If she makes three equal payments, in 20

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Karina is due to pay $9000 in five years. If she makes three equal payments, in 20 months, 30 months, and 5 years from today, what is the size of the equal payments if money is worth 5.16% 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 03:48 AM

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Karina is due to pay $9000 in five years. If she makes three equal payments, in 20

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Let the size of the equal payments x and the focal date be five ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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