Loan payments of 1000 that was due 3 months ago and was not


Loan payments of $1,000 that was due 3 MONTHS AGO (and was not paid) and $1,500 due in 6 MONTHS.  What single payment today would settle the debt, if money is worth 7% compounded quarterly? 

 

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Business Management: Loan payments of 1000 that was due 3 months ago and was not
Reference No:- TGS01191132

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