What payment 2 1/4 years from now would be a fair substitute for the combination of $1500

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What payment 2 1/4 years from now would be a fair substitute for the combination of $1500 due (but not paid) 9 months ago and $2500 due in 44 years from now, if money can earn 3.5% compounded quarterly?

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Fundamentals Of Business Mathematics In Canada

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Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:43 AM

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What payment 2 1/4 years from now would be a fair substitute for the combination of $1500

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Fundamentals Of Business Mathematics In Canada

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