An obligation of $ 2 5 , 0 0 0 is due today, but it was decided

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An obligation of $

25, 000

is due today, but it was decided to pay the debt in two equal payments one

2

year and the other

5

years from now. If the focal date is today, and the rate of interest is

4.15 %

compounded quarterly, how much is each payment?

Posted Date: May 19, 2024 01:00 AM

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An obligation of $ 2 5 , 0 0 0 is due today, but it was decided

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