A debtor owes $50,000 pesos due in 3 months and $182,500 pesos due in 7 months. It
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A debtor owes $50,000 pesos due in 3 months and $182,500 pesos due in 7 months. It proposes paying your debt through two equal payments: one due in 6 months and another in 9 months. It is required to know the value of the new payments if the imposed rate is 24% of simple annual return, considering month 6 as the focal date.
Draw a timing diagram.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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