A payment of $1300 is scheduled for a date 3½ years from now. What would be an equivalent payment 9 months from now if money is worth 5.5% compounded quarterly?

Name: A payment of $1300 is scheduled for a date 3½ years from now. What would be an equivalent payment 9 months from now if money is worth 5.5% compounded quarterly?
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

The Answer of A payment of $1300 is scheduled for a date 3½ years from now. What would be an equivalent payment 9 months from now if money is worth 5.5% compounded quarterly?

A Payment of $1300 Is Scheduled for a Date 3½