1. Other
  2. Other
  3. jane was due to make loan payments of 1200 six...

Question: jane was due to make loan payments of 1200 six...

Question details
Jane was due to make loan payments of $1200 six months ago, $1500 one month ago, and $700 in two months. Instead, she is to make a single payment today. if money is worth 9.8% and the agreed focal date is today. What is the size of the replacement payment?
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution