You are owed $ 6 0 0 0 to be paid in 6 months. Instead you are
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You are owed $ to be paid in months. Instead you are requested to accept three equal and unknown payments call them X due today, months from now, and years from now. What is the value of the unknown payments, if the interest rate is pa and the focal date is months from today? Make sure you draw the timeline for this question.
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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