Dandil owns two debt payments - a payment of $5049 that was due today and a payment of 1906 due in 13 months. If a payment is made now of 1000 and another payment in 6 months, what would this payment be if money is worth 5.88% P.A simple interest? Assume a focal date of 6 months

Dandil owns two debt payments - a payment of $5049 that was due today and a payment of 1906 due in 13 months. If a payment is made now of 1000 and another payment in 6 months, what would this payment be if money is worth 5.88% P.A simple interest? Assume a focal date of 6 months

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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