While planning for a vacation to New Zealand, you purchased plane tickets for $2,567.80 on 1/15/2021...

 

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While planning for a vacation to New Zealand, you purchased plane tickets for $2,567.80 on 1/15/2021 and booked an apartment to rent for $1,750 on 2/3/2021. What single lump sum could be paid on 2/5/2022 if money is worth 4.65% simple interest? Use Banker's Rule. While planning for a vacation to New Zealand, you purchased plane tickets for $2,567.80 on 1/15/2021 and booked an apartment to rent for $1,750 on 2/3/2021. What single lump sum could be paid on 2/5/2022 if money is worth 4.65% simple interest? Use Banker's Rule.

Answer rating: 100% (QA)

To calculate the single lump sum payment that could be made on 252022 we need to find the future val... View the full answer