Question: need answer plz Chapter 7 - Equal Payments Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments =

need answer plz
Chapter 7 - Equal Payments Find the equivalent replacement payments indicated for each of the following scheduled payments. Original scheduled payments = $1,652 due 6 months ago $1,301 due in 8 months with interest (starting today) at 9.5% Replacement payments = $645 due now, and two equal payments due in 6 months, and in 14 months. Focal Date = Today. on Interest rate = 4.2% (Do not include the $ sign in your answer.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
