Question: You are owed $ 7 , 5 0 0 to be paid in one year. Instead you are requested to accept three equal and unknown
You are owed $ to be paid in one year. Instead you are requested to accept three equal and unknown
payments call them 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 one year from today? Make sure you
draw the timeline for this question.
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