What single payment 6 months from now would be economically equivalent to payments of $1200 due (but

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What single payment 6 months from now would be economically equivalent to payments of $1200 due (but not paid) four months ago and $1500 due in 12 months? Assume money can earn 2.5% compounded monthly.

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Posted Date: Sep 24, 2022 10:37 PM

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What single payment 6 months from now would be economically equivalent to payments of $1200 due (but

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rate of interest 25 12 Value should be 6 montus from now 1200 due 4 months ago ... View the full answer

Fundamentals Of Business Mathematics In Canada

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