Question: Two debt payments, the first for $800 due today and the second for $600 due in nine months with interest at 10.5% compounded monthly, are

Two debt payments, the first for $800 due today and the second for $600 due in nine months with interest at 10.5% compounded monthly, are to be settled by a payment of $800 six months from now and a final payment in 24 months. Determine the size of the final payment if money is now worth 9.5% compounded quarterly.

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Maturity value of 600 due in nine months PV 60000 I Y 105 C Y 12 i 0875 n 9 FV 60000100875 9 ... View full answer

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