PA he two parties involved in a loan have agreed to replace originally schedu nts of $5,000 on September 10, 2004, $6,000 on November 20, 2004 an ruary 16, 2005 with a single payment on December 25, 2004. What sh of the payment be on December 25 if both parties agree that money Both parties agree to December 25 as the focal date

Answer rating: 100% (QA)

To calculate the single payment on December 25 2004 we need to find the present value of the origina... View the full answer