Question
waldon toys owes $3000 due in two years with interest at 11% compounded semi-annual...
Mathematics, 18.10.2019 12:30 Tyasiapalair371
Question
waldon toys owes $3000 due in two years with interest at 11% compounded semi-annually and $2500 due with interest in fifteen months at 9% compounded quarterly. if the company wants to discharge these debts by making two equal payments, the first now and the second eighteen months from now, what is the size of the two payments if money is now worth 8.4% compounded monthly?
Answers: 3
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