A payment of $3,530 is due in 45 days and another payment of $4,790 is due in 280 days. Calculate the single equivalent payment to be made in 80 days to settle the two payments if money earns 6.05% p.a. (Hint: use 80 days from now as the focal date.) $
A payment of $3,530 is due in 45 days and another payment of $4,790 is due in 280 days. Calculate the single equivalent payment to be made in 80 days to settle the two payments if money earns 6.05% p.a. (Hint: use 80 days from now as the focal date.) $
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...
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