question archive A person has to pay $ 600 in 90 days at 6% daily simple interest
A person has to pay $ 600 in 90 days at 6% daily simple interest
Subject:FinancePrice: Bought3
A person has to pay $ 600 in 90 days at 6% daily simple interest.
900 to pay within one year and 500 to pay after 1 year 9 months at 3% simple quarterly. You agree with your creditor to cancel obligations with two unknown equal payments every 9 months and accept a simple 6% per year with a focal date of 1 year.
You need to calculate the value of the fees to pay. What is the value to pay?
