jaggudubai2005 jaggudubai2005

10-04-2024
Mathematics

Answered

Wayne borrowed a sum of money and had agreed to pay it back with three payments of $1,300, $1,900, and $2500 due in 6 months, 2 years, and 60 months from now respectively. Realizing that they might not be able to make the first two payments, they renegotiated the loan so that it would be paid off in total with one payment three years from now. What is the single equivalent compounded quarterly. payment required to pay off the debt three years from now

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