You owe $1,500 at 6 months and $2,500 at 12 months. You and your creditor agree...
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You owe $1,500 at 6 months and $2,500 at 12 months. You and your creditor agree you can pay BOTH debts NOW using a 5% quarterly rate. [A] What is the settlement amount? You owe $1,500 at 6 months and $2,500 at 12 months. You and your creditor agree you can pay BOTH debts NOW using a 5% quarterly rate. [A] What is the settlement amount?
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To find the settlement amount for both debts we can use the present value formula for each in... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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