Today Mario owes $1,500 due in 3 years at an effective rate of 15%, plus owes $3000
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Today Mario owes $1,500 due in 3 years at an effective rate of 15%, plus owes $3000 due in 5 years at 20% simple interest, negotiates cancellation your debt in two equal payments, the first two years from now and the second at the end of the fourth year, if the rate of return for this trade is 16% of annual simple interest, determine the amount of the payments. Focal date at the end of the quarter year.
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
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