Essay
A financial obligation requires payments of $2000.00 today, $2500.00 in three years, and $3000.00 in five years. When can the obligation be discharged by a single payment equal to the sum of the required payments if interest is 6%p.a. compounded monthly?
Correct Answer:
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Let the focal date be now; i = 
= 0.005;...View Answer
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Correct Answer:
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= 0.005;...View Answer
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