1. Other
  2. Other
  3. 1 point jason owes 54000 due at the end of...

Question: 1 point jason owes 54000 due at the end of...

Question details

(1 point) Jason owes $54000 due at the end of 3 years with interest at j4-2.5%. In order to payorr the loan Jason decides to make deposits in a fund that earns j4-12.5%. The Trst deposit is $10000 at the end of 9 months and $X at the end of 27 months. Determine X using the end of 3 years as a focal date? Answer: $ Note: Do not round any intermediate calculations.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution