A debt can be repaid by payments of $5000 today, $5000 in five years, and $4000 in

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A debt can be repaid by payments of $5000 today, $5000 in five years, and $4000 in six years. What single payment would settle the debt one year from now if money is worth 8% compounded semi-annually?

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Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Posted Date: Mar 11, 2022 05:27 AM

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A debt can be repaid by payments of $5000 today, $5000 in five years, and $4000 in

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Value of Payments in 1 year payment today 1 Interest per Semi Annual PeriodNumber of S... View the full answer

Practical financial management

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