Payments of ( $1000 due seven months ago, $500 due two months ago, and $1500 today) are

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Payments of ( $1000 due seven months ago, $500 due two months ago, and $1500 today) are to be replaced by ( $2000 in 15 months and an unknown payment 8 months from now). If interest rate is 6% p.a., what is the value of the unknown payment?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Oct 09, 2023 10:29 AM

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Payments of ( $1000 due seven months ago, $500 due two months ago, and $1500 today) are

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To solve this problem we can use the concept of present value and future value The present value PV ... View the full answer

Income Tax Fundamentals 2013

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