A scheduled payment stream consisted of three payments: $2100 due (but not paid) 1½ years ago, $1300 due today, and $800 due in 2 years. What single payment, 6 months from now, would be economically equivalent to the payment stream?

Question

Quizplus · Accepted Answer

The Answer of A scheduled payment stream consisted of three payments: $2100 due (but not paid) 1½ years ago, $1300 due today, and $800 due in 2 years. What single payment, 6 months from now, would be economically equivalent to the payment stream?

A Scheduled Payment Stream Consisted of Three Payments: $2100 Due