A debt can be paid by payments of $1000 scheduled today, $500 schedule in two years, $2000 scheduled in three years. What single payment would settle the debt 4years from now if the money is worth 10% compounded semi-annually?
A debt can be paid by payments of $1000 scheduled today, $500 schedule in two years, $2000 scheduled in three years. What single payment would settle the debt 4years from now if the money is worth 10% compounded semi-annually?
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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A debt can be paid by payments of $1000 scheduled today, $500 schedule in two years, $2000 scheduled in three years. What single payment would settle the debt 4years from now if the money is worth 10% compounded semi-annually?
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