greg owes two debt payments - a payment of $5328 that was due in 11 months ago and a payment of $1810 due in 7 months. If greg makes a payment now, what would this payment be if money is worth 6.08% compounded semi- annually? Assume a focal date of today. Please express your answer to the nearest dollar.

greg owes two debt payments - a payment of $5328 that was due in 11 months ago and a payment of $1810 due in 7 months. If greg makes a payment now, what would this payment be if money is worth 6.08% compounded semi- annually? Assume a focal date of today. Please express your answer to the nearest dollar.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter4: Gross Income: Concepts And Inclusions

Section: Chapter Questions

Problem 21CE

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