A debt of $12000 due in 10 years from now is to be paid by a...

A debt of $12000 due in 10 years from now is to be paid by a payment of $2250 now, $3000 in 2 years and a final payment 8 years from now. What would this payment be if an interest rate of 6% compounded semiannually is assumed.

Expert Solution

ekkarill92 answered 2 years ago

A debt of $ 12000 due in eight years from now is instead to be paid...

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