A $2,400 payment is due 6 months from today. What is the equivalent value of the $2,400 payment if it is paid 15 months from today instead? Money earns 7.2% compounded semi-annually? Refer to the "?"s in the table and enter the appropriate values in the blanks below. "In your rough work, it may be helpful to draw a timeline)

A $2,400 payment is due 6 months from today. What is the equivalent value of the $2,400 payment if it is paid 15 months from today instead? Money earns 7.2% compounded semi-annually? Refer to the "?"s in the table and enter the appropriate values in the blanks below. "In your rough work, it may be helpful to draw a timeline)

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 15PROB

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