Question: Assignment 6 - Chapter 10 Franklin owes the following amounts to the same person: $16,000 due today, $11.500 due in 16 years $17.000 due in

Assignment 6 - Chapter 10 Franklin owes the following amounts to

Assignment 6 - Chapter 10 Franklin owes the following amounts to the same person: $16,000 due today, $11.500 due in 16 years $17.000 due in 2 years, and $15.000 due in 4 years. He wants to make a single payment of $56,500 instead. Using an interest rate of 8% compounded quarterly, in how many months from today should this payment be made Round answer to zero decimal places. Assignment 6 - Chapter 10 Franklin owes the following amounts to the same person: $16,000 due today, $11.500 due in 16 years $17.000 due in 2 years, and $15.000 due in 4 years. He wants to make a single payment of $56,500 instead. Using an interest rate of 8% compounded quarterly, in how many months from today should this payment be made Round answer to zero decimal places

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