What will that single payment be if she wants to make, Finance Basics

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What will that single payment be if she wants to make

Your friend wants to pay off her two debts in a single payment. The first debt is $570 due in 8 months, and the second is $1380 due in 18 months. What will that single payment be if she wants to make it at the end of 1 year given a compound interest rate of 4.9%?

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Finance Basics: What will that single payment be if she wants to make

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Finance Basics: What will that single payment be if she wants to make

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Recent Questions Asked Finance Basics

Q : What was the reduction in emec of the frisbee-earth system

Q : Standard normal distribution

Q : Probability density function

Q : Why use the risk premium approach

Q : What will that single payment be if she wants to make

Q : Explain the profitability index for the project

Q : What is the constant amount he needs to save

Q : What is one share of this stock worth today

Q : Will a highly leveraged company do better or worse

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What will that single payment be if she wants to make

Reference No:- TGS0723556

Recent Questions Asked Finance Basics

Q : What was the reduction in emec of the frisbee-earth system

Q : Standard normal distribution

Q : Probability density function

Q : Why use the risk premium approach

Q : What will that single payment be if she wants to make

Q : Explain the profitability index for the project

Q : What is the constant amount he needs to save

Q : What is one share of this stock worth today

Q : Will a highly leveraged company do better or worse

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