Question: You are owed $ 4 5 0 0 today. Instead you are requested to accept three equal and unknown payments ( call them X )
You are owed $ today. Instead you are requested to accept three equal and unknown payments call them X due months from now, years from now from now, and months from now. What is the value of the unknown payments, if the interest rate is pa and the focal date is today? Make sure you draw the timeline for this question.
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