You owe your parents $2500 today.You agree to pay this back by making a payment of $500 now,$600 six months from now and $X 18-months from now.What is X if j4 = 6%?
A) $1417.60
B) $1473.22
C) $1482.36
D) $1550.07
Correct Answer:
Verified
Q95: A single deposit of $25,000 is made
Q96: A woman who died left an estate
Q97: You invest $1000 in a fund earning
Q98: An investment has the following interest rates:
Q99: A loan of $5000 is taken out
Q101: During the spring growing season,a sunflower plant
Q102: A person invests in a fund earning
Q103: In 1977,the annual inflation rate in Canada
Q104: Suppose the inflation rate is 0.8% per
Q105: In a particular year,the interest rate is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents