A $5200 payment due 1 1/2 years ago has not been paid. If money can earn 3.35%

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A $5200 payment due 1 1/2 years ago has not been paid. If money can earn 3.35% compounded annually, what amount paid 2 1/2 years from now would be the economic equivalent of the missed payment?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Posted Date: Sep 24, 2022 11:24 PM

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A $5200 payment due 1 1/2 years ago has not been paid. If money can earn 3.35%

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Principle unpaid P 5200 rate r 335 total ... View the full answer

Fundamentals Of Business Mathematics In Canada

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