Scheduled payments of $400 due today and $721.28 due in eight months are to be settled by

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Scheduled payments of $400 due today and $721.28 due in eight months are to be settled by a payment of $500 six months from now and a final payment in 15 months. Determine the size of the final payment if money is worth 6% compounded monthly.

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:07 AM

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Scheduled payments of $400 due today and $721.28 due in eight months are to be settled by

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Contemporary Business Mathematics With Canadian Applications

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