9. what payments 2 months fromnow would be equivalent in valueto a $5650 payment due in 13month and $3050 payment due in18 month from now? the value ofmoney is 5.8%, simple interest.Round your final answer only to 2decimal places

Simple interest is simple interest that means there will be no interest on interest will be there…

Answered: what payments 2 months from now would…

what payments 2 months from now would be equivalent in val to a $5650 payment due in 13 month and $3050 payment due 18 month from now? the value 5 80/ sinon int

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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Question

what payments 2 months from
now would be equivalent in value
to a $5650 payment due in 13
month and $3050 payment due in
18 month from now? the value of
money is 5.8%, simple interest.
Round your final answer only to 2
decimal places

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