Question: A Contracting Company borrowed ( 1 0 0 0 0 0 $ ) from a Bank and they intended to repay this debt as a
A Contracting Company borrowed $ from a Bank and they intended to repay this debt as a series of annual payments for years with interest rate of compounded quarterly. At the end of the year the company didn't have enough money to pay the remaining debt to the bank, so they decide to postpone the remaining payments to be paid in the and year respectively calculate the value of each payment
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