Loan payments of $1735 due today, $520 due in 75 days, and $665 due in 323 days

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Loan payments of $1735 due today, $520 due in 75 days, and $665 due in 323 days are to be combined into a single payment to be made 115 days from now. What is that single payment if money is worth 8.5% p.a. and the focal date is 115 days from now?

Related Book For answer-question

Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Posted Date: Nov 04, 2022 05:04 PM

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Loan payments of $1735 due today, $520 due in 75 days, and $665 due in 323 days

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Step 1 Given that current loan payment1735 due in 75 days520 due in 323 days665 focal date 115 days ... View the full answer

Fundamentals of Investments, Valuation and Management

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