A $2300 payment due 1 1/2 years ago has not been paid. If money can earn 6.25%
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A $2300 payment due 1 1/2 years ago has not been paid. If money can earn 6.25% compounded semiannually, what amount in 2 years from now would be the economic equivalent to the missed payment?
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PV 2300 1 625 i 6...View the full answer
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Related Book For 
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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