Charles owed Alexis $ She decidod
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Charles owed Alexis $1,700 90 days ago and will owe her another $2,700 in 50 days.
She decided to reschedule to accept 3 equal payments, one due today, another 70 days
from now and the last payment 140 days from now. Find the payments using 8.90% pa
and today as the focal date.
Answer:
Round to the nearest cent
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