Debt payments of $3000 today and $4000 due 25 months ago are NOT PAID. Instead you will make a payment of $2000 in 12 months and a final payment in 18 months. If the cost of money (interest rates) is 6% p.a. and the agreed focal point is in 18 months, what should the final equivalent value payment be?

Answer rating: 100% (QA)

Formula Present value Future value1rn r interest rate for ... View the full answer