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Payments of​ $1750 and​ $1600 are due four months from now and nine months from now respectively. What single payment is required to pay off the two scheduled payments today if …

Payments of​ $1750 and​ $1600 are due four months from now and nine months from now respectively. What single payment is required to pay off the two scheduled payments today if …
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Payments of​ $1750 and​ $1600 are due four months from now and nine months from now respectively. What single payment is required to pay off the two scheduled payments today if interest is​ 9% and the focal date is​ today?​

asked
User Carleto
by
7.5k points

1 Answer

7 votes

Answer:the amount is 5789 for a direct payment

Explanation:

answered
User Tavison
by
8.6k points
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