Katharyn owes $12000 in four years. She wants to repay the debt earlierand plans to make two
Fantastic news! We've Found the answer you've been seeking!
Question:
Katharyn owes $12000 in four years. She wants to repay the debt earlierand plans to make two equal payments in 16 months and in 28 months. Determine the size of equal payments if money is worth 6% compounded monthly.
Related Book For
Probability & Statistics for Engineers & Scientists
ISBN: 978-0130415295
7th Edition
Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying
Posted Date: