Payments of $1000 and $7500 were originally scheduled to be paid five months ago and four months

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Payments of $1000 and $7500 were originally scheduled to be paid five months ago and four months from now, respectively. The first payment was not made. What payment two months from now is equivalent to the scheduled payments if money can earn 6_1%?

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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 07:12 AM

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Payments of $1000 and $7500 were originally scheduled to be paid five months ago and four months

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The equivalent value 2 months from now of the ...View the full answer

Business Mathematics In Canada

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