question archive If money earns interest at 9
If money earns interest at 9
Subject:MathPrice: Bought3
If money earns interest at 9.6% compounded quarterly, what is the equivalent single payment 2 years from now of three payments of $1000, $1200, and $1500 due, but not paid, in 6 months, 18 months, and 30 months from now, respectively. Be sure to describe how you are obtaining your values (similar to a timeline) for full marks.
